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Cisco To Acquire IoT Company Jasper For $1.4 Billion ( 25

An anonymous reader writes: Cisco has announced its intention to spend $1.4 billion purchasing startup Jasper Technologies, Inc. which specialises in IoT connectivity. It's the most significant acquisition the tech multinational has made since its purchase of Wi-Fi manufacturer Meraki in 2012. In 2015 Cisco also acquired OpenDNS for $635 million, and with the Jasper acquisition seems committed to securing a major foothold in IoT infrastructure over the next five years.
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Cisco To Acquire IoT Company Jasper For $1.4 Billion

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  • by gstoddart ( 321705 ) on Thursday February 04, 2016 @09:54AM (#51438283) Homepage

    This should guarantee the IoT continues to have no security for the foreseeable future ... cloud-based IoT management should provide me hours of entertainment to laugh at the idiots buying this shit and getting pwned.

    Cisco estimated that the Internet of Everything represents a $19 trillion opportunity over the next decade

    All those suckers, waiting to be fleeced. The mind reels.

  • by Anonymous Coward

    mandatory maintenance contracts for each of my 300 IoT devices, and mandatory support via a CIsco certified business partner with Cisco certified engineers, just to be able to download the security updates.

    The future is bright.

    • by Anonymous Coward

      The more likely outcome;

      A new Linksys cloudy home automation portal for $5 per month.
      No updates to buggy IoT firmware, ever.
      And the whole thing gets abandoned in two years.

  • Fun/Sad Facts (Score:3, Interesting)

    by Anonymous Coward on Thursday February 04, 2016 @10:40AM (#51438603)

    Did you know that, as well as openDNS, Cisco has acquired and virtually abandoned: [] - 2007
    Snort [] - 2013
    ClamAV [] - 2013

    All great projects when Cisco bought them and now circling the drain.

  • by bigsexyjoe ( 581721 ) on Thursday February 04, 2016 @01:14PM (#51439779)

    Can we just shut up about IOT already? And if it was a thing we'd already talking about IOT 2.0: the semantic things.

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