Cisco buys IoT platform vendor Jasper Technologies for $1.4 billion

Cisco said Wednesday it plans to acquire Internet of Things startup Jasper Technologies Inc. for $1.4 billion in cash.

Jasper operates a cloud-based Internet of Things platform to manage services and endpoints for Web-connected embedded devices. Jasper has a sizable amount of companies on its platform as well as connections to mobile network operators. [1]

[1] By Natalie Gagliordi

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