Cisco has just completed their acquisition of Jasper technologies in order to expand their influence in the Internet of Things. Jasper has been one of the leading IoT platforms and this acquisition by Cisco is expected to spread and integrate the IoT into companies of every size and industry.
With the acquisition, Jasper forms the new IoT Cloud Business Unit within Cisco. Together, Cisco and Jasper will bring to market a comprehensive IoT service platform to enable service providers, enterprises and ecosystem partners to rapidly build IoT service businesses such as usage-based insurance for connected cars, predictive maintenance for industrial manufacturing, and asset tracking for commercial fleet management.
Cisco and Jasper will continue to deliver on Jasper’s product roadmap and support Jasper’s existing ecosystem partners. Cisco will also build upon Jasper’s IoT service platform and add new services including advanced IoT security, support for additional connectivity options like enterprise Wi-Fi and low-power wide-area network (LPWAN), and analytics solutions.
With the Jasper IoT service platform, Cisco can enable companies to automate the management of IoT services across connected devices. Now, enterprises will be able to transform their products into connected services, creating new business models and generating new sources of ongoing revenue.
“IoT is a key piece of enabling Digital Transformation for today’s enterprises. Cisco already has the network equipment, cloud, analytics and security layers, and the addition of Jasper brings critical IoT service platform layer needed to provide enterprises with a complete digitization strategy,” said Carrie MacGillvray, Vice President, Mobile and Internet of Things at IDC. “This acquisition provides value for both Cisco and Jasper’s enterprise customers, their service provider partners and broader IoT ecosystem partners.”
Cisco and Jasper will provide an industry-wide interoperability platform that ecosystem partners can build on, accelerating the creation and deployment of IoT services by enterprises. Some of the world’s largest IT solution vendors – including IBM, Microsoft, Salesforce and SAP – already integrate with Jasper’s IoT service platform. The Jasper platform enables enterprises to quickly integrate technologies from these ecosystem partners to accelerate IoT service deployment.