"Jasper had raised about $205 million in venture capital investments from Sequoia Capital and Benchmark and more recently from the private equity fund Temasek. Having reached a valuation north of $1 billion, it was considered a candidate for an IPO.Cisco to Pay $1.4 Billion for Internet-of-Things Company Jasper | Re/code
The company makes cloud-based control software that helps companies connect machinery and equipment ranging from vending machines to farming equipment on the Internet. Among its 3,500 customers are the GPS company Garmin, greeting card giant Hallmark and the jet engine manufacturing division of GE.
In a statement, Cisco said it intends to build upon Jasper’s efforts by adding industrial-grade Wi-Fi and improving its ability to analyze data gathered from devices."
Thursday, February 04, 2016
Cisco to Pay $1.4 Billion for Internet-of-Things Company Jasper | Re/code
In search of more recurring revenue services