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Cisco To Acquire IoT Company Jasper For $1.4 Billion (thestack.com)

Posted by timothy on from the no-more-thingless-internet dept.

An anonymous reader writes: Cisco has announced its intention to spend $1.4 billion purchasing startup Jasper Technologies, Inc. which specialises in IoT connectivity. It's the most significant acquisition the tech multinational has made since its purchase of Wi-Fi manufacturer Meraki in 2012. In 2015 Cisco also acquired OpenDNS for $635 million, and with the Jasper acquisition seems committed to securing a major foothold in IoT infrastructure over the next five years.

1 of 25 comments (clear)

  1. Fun/Sad Facts by Anonymous Coward · · Score: 3, Interesting

    Did you know that, as well as openDNS, Cisco has acquired and virtually abandoned:

    SpamCop.net - 2007
    Snort - 2013
    ClamAV - 2013

    All great projects when Cisco bought them and now circling the drain.