Google to acquire Xively IoT platform from LogMeIn
The acquisition of Xively’s enterprise-ready IoT platform, says Google, will complement Google Cloud‘s effort to provide a fully managed IoT service for easily and securely connecting, managing, and ingesting data from globally dispersed devices. Google expects its Cloud IoT Core service to gain deep IoT technology and engineering expertise through the acquisition, including Xively’s advanced device management, messaging, and dashboard capabilities.
“Our customers will benefit from Xively’s extensive feature set and flexible device management platform, paired with the security and scale of Google Cloud,” says Antony Passemard, Product Management Lead, Google Cloud Platform. “With Google Cloud’s deep leadership in data analytics and machine learning, our customers will also be uniquely positioned to build turnkey IoT solutions and focus on business value creation.”
On LogMeIn’s part, the move comes, it says, as it continues to align and prioritize its investments around its three core markets: Customer Engagement, Unified Communications & Collaboration (UCC), and Identity and Access Management (IAM). While the move does mark its departure from the IoT connectivity platform space, says the company, it will continue to invest in its Support-of-Things initiatives for products like LogMeIn Rescue, Bold360, GoToAssist, Central, Rescue Lens, and SeeIt
According to Bloomberg, Google agreed to pay $50 million for Xively. The deal is expected to close in the first quarter, and 45 Xively employees will reportedly be joining Google.
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