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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.

4 of 25 comments (clear)

  1. Awesome ... by gstoddart · · Score: 2

    This should guarantee the IoT continues to have no security for the foreseeable future ... cloud-based IoT management should provide me hours of entertainment to laugh at the idiots buying this shit and getting pwned.

    Cisco estimated that the Internet of Everything represents a $19 trillion opportunity over the next decade

    All those suckers, waiting to be fleeced. The mind reels.

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    Lost at C:>. Found at C.
    1. Re:Awesome ... by gstoddart · · Score: 2

      but the reality is there probably is no other company as qualified to make sure it is done correctly. Fail.

      You keep telling yourself that, and I'll keep expecting the security of IoT to continue to be shit.

      Until there are legal penalties, nothing is really going to change.

      This is just more monetization and leveraging of synergies. That shit doesn't magically create security.

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      Lost at C:>. Found at C.
  2. 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.

  3. No one wants to put their refrigerator on the net by bigsexyjoe · · Score: 2

    Can we just shut up about IOT already? And if it was a thing we'd already talking about IOT 2.0: the semantic things.

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    Democracy Now! - your daily, uncensored, corporate-free