A very big deal

This week, Cisco announced its acquisition of Jasper Technologies for $1.4 billion. Jasper, also known as a Fortune unicorn, is a leader in the IoT service platform market. With Jasper, businesses can embed connectivity into industrial devices, enterprise smartphones and tablets, as well as consumer electronics. The connectivity allows businesses to deliver a wide range of IoT services and unlock new revenue. The company counts Coca-Cola, GE, Nissan, AT&T, Telefonica and Starbucks as some its clients. The acquisition complements Cisco’s IoT strategy perfectly. The deal allows Jasper to expand its technology to a much larger scale while giving Cisco an excellent head start into the IoT market, which is predicted to be worth $6.2 trillion by 2025. Analysts consider this deal to be a brilliant move and it will help solidify the company’s position in the growing IoT industry.

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