California headquartered Cisco Systems Inc has publicized to acquire Jasper Technologies that connect devices to internet for $1.4 billion in cash and equity awards.
- This acquisition enables Cisco to access IoT solution that is interoperable across devices and works with IoT service providers, application developers and environment of partners.
About Cisco:
Established in 1984, it designs, manufactures and sells networking equipment.
- Headquarters – San Jose, California
- CEO – Chuck Robbins
Acquisitions by Cisco:
- In 1995–1996 the company completed 11 acquisitions.
- In 1999, it acquired Cerent Corporation for US$7bn.
- In 2007, it acquired IronPort for US$830 mn.
- In 2012, it acquired NDS Group for $5bn.
- In 2014, it acquired ThreatGRID and Tail-f Systems.
- In 2015, it completed 7 acquisitions.
Awards & Recognitions:
- In 2002-03, Cisco was conferred with Ron Brown Award, a U.S. presidential honor.
- In 2011, the company and its history was featured in the documentary film Something Ventured.
About Jasper Technologies:
California headquartered Jasper provides a cloud-based software platform for the Internet of Things (IoT). The platform is designed to help organizations launch, manage, and monetize the deployment of the Internet of Things worldwide.
- Establishment – 2004
- It was formerly called as Jasper Wireless Inc.
Jasper partners with over 120 mobile operator networks to serve IoT and machine-to-machine (M2M) companies across a wide range industries including – automotive, home security and automation, agriculture, food/beverage, wearable technology, healthcare, advertising and industrial equipment.