Cisco's acquisition will allow it to offer a full IoT platform that simplifies connectivity (Photo; Cisco)
Cisco plans toÂ acquire internet-of-things specialist Jasper Technologies in a move aimed at boosting theÂ Californian technology group's offerings in a key growth area.
Cisco said it will pay 1.4 billion dlrs in cash for Jasper, which builds a scalable IoT service platform that allows companies to connect any device via cellphone networks. They can then manage theÂ connectivity of IoT services through Jasper'sÂ software-as-a-serviceÂ offering.
The acquisition will letÂ Cisco offerÂ a complete IoT platformÂ that is interoperable across devices and works with IoT service providers, application developers and an ecosystem of partners, the company said. Jasper will also help deal withÂ the complexity involved in connecting devices and collecting and analyzing growing data volumes, it added.
“Together, we can enable service providers, enterprises and the broader ecosystem to connect, automate, manage, and analyze billions of connected things, across any network, creating new revenue streams and opportunities, Cisco CEO Chuck Robbins said in a press statement.
Once the acquisition becomes final, Jasper CEO Jahangir Mohammed will run a new CiscoÂ IoT Software Business Unit . He will report to Â Rowan Trollope, Cisco senior vice president and general manager, IoT and Collaboration Technology Group. The acquisition is expected to closeÂ later in 2016.