Cisco completed the acquisition of IoT specialist Jasper, just over a month after first announcing the $1.4 billion deal.
The tie-up, as previously announced, will see Jasper form a new IoT cloud business unit within Cisco, headed up by its founder Jahangir Mohammed, with the aim of developing “an industry wide IoT service platform for enterprises, service providers and an ecosystem of partners”.
Cisco said it will continue to build on Jasper’s product roadmap, and support its existing ecosystem of partners, while also bolstering its own IoT play and add new services including security, support for additional connectivity options like enterprise Wi-Fi and Low Power Wide Area Network (LPWAN) and analytics solutions.
In a statement, Carrie MacGillvray, VP, mobile and IoT at IDC, spoke of the complimentary nature of both companies’, which will be beneficial for enterprise customers.
“IoT is a key piece of enabling digital transformation for today’s enterprises,” she said. “Cisco already has the network equipment, cloud analytics and security layers, and the addition of Jasper brings critical IoT service platform layer needed to provide enterprises with a complete digitisation strategy.”
In a joint blog post with Cisco’s SVP and GM for IoT, Rowan Trollope, Jasper’s Mohammed, who also spoke to Mobile World Live about the deal exclusively last month, said the IoT opportunity “in front of us right now is enormous and immediate”.
“With the IoT Cloud Business Unit, Cisco is moving up the stack to deliver a complete portfolio that simplified the launch, management and monetisation of IoT service for everyone.”
“Now that the acquisition is complete, we are focused on executing against our shared vision to accelerate IoT adoption and our customers’ IoT success on a global scale,” added Trollope.