Cisco announced today it was buying Jasper Technologies, developers of an Internet of Things cloud platform for $1.4 billion.
With Jasper, Cisco gets a company that understands the burgeoning Internet of Things market. While the IoT term gets bandied about quite a bit, it simply means connected machines talking to one another over the internet. This could be industrial automation equipment on a shop floor, a connected car, a connected wind turbine or even a smart thermostat.
What Jasper is doing is providing a platform to build these connected devices and deliver them to market much faster and with less friction, Jahangir Mohammed, CEO of Jasper said at a press event announcing the purchase today.