Cisco March 22 completed its acquisition of Internet of Things services provider Jasper Technologies Inc. and created an IoT cloud business unit to market services and technologies to carriers and enterprises.
Cisco paid $1.4 billion for Jasper, based in Santa Clara, Calif. The company provides software and tools that allow service providers and enterprises to quickly build IoT businesses.
Cisco said it will build on Jasper’s existing foundation and add new services such as IoT security and support for connectivity options that include enterprise Wi-Fi and low-power wide-area networks.
Jasper works with more than two dozen mobile operator groups—representing more than 100 mobile networks worldwide—to deliver its IoT platform to more than 3,500 enterprise customers.
Companies using its service include Coca-Cola, Microsoft, carriers AT&T and Telefónica, and automakers Tesla Motors, Nissan and General Motors.
New executives named
The creation of the IoT cloud business unit, which Jasper founder CEO Jahangir Mohammed will oversee as general manager, comes as Cisco reshuffled its engineering executives to exploit IoT and the cloud, both of which Cisco sees as massive sales and marketing opportunities.
Among the changes, Kelly Ahuja, who oversaw Cisco’s service provider business, is leaving the company, to be succeeded by Yvette Kanouff. Kanouff will be part of an expanded service provider initiative. Zorawar Biri Singh, meantime, will lead cloud services and platforms; he formerly served as Cisco’s CTO for platforms and solutions. The roles of security senior vice president David Goeckeler and applications and IoT unit senior vice president Rowan Trollope are unchanged.