Cisco announced on March 22 the completion of their $1.4 billion acquisition of IoT management services provider Jasper, which began last month. As part of the deal, Jasper CEO and founder Jahangir Mohammed was named GM of the Cisco’s newly launched IoT Cloud Division.
“Jasper’s IoT platform is just the beginning,” said Rowan Trollope, general manager of Cisco’s IoT and Collaboration Technology Group, in a March 22 blog post.. “Cisco’s IoT Cloud Business Unit will deliver comprehensive IoT solutions that make it easy for enterprise customers, service providers and ecosystem partners to capitalize on this business transformation.”
Cisco plans to add IoT security and analytics capabilities to the platform and add support for enterprise WiFi and low-power WAN technologies, according to a post on their website. The company says the goal of the acquisition is to make it easier for companies to enter the IoT, and they plan to offer an industry-wide interoperability platform that ecosystem partners will be able to build on.
“Potential use cases include predictive maintenance for manufacturing plants, asset tracking for commercial fleets, and usage-based insurance plans for connected vehicles,” the company stated.
In addition to the launch of the new IoT division, Cisco announced the reorganization of their engineering sector to align with their new focus on IoT and cloud services. It will now be split into four distinct businesses: Security, Cloud Services & Platforms, IoT & Applications, and Networking.
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