As we have mentioned in some of our recent posts IOT is starting to hit the headlines. The interesting thing to me about this latest acquisition is two fold.
1) They were heading for an IPO but, decided to sell instead. We have seen this across the board as cyber Security continues to demand business focus and we will continue to see this more and more as the market hype increases the multiples that these emerging technologies can demand.
2) The increasingly "wireless world" where plugging a cable into something now is almost extinct. Again recent acquisitions from the perimeter infrastructure players into mobile and wireless technologies clearly indicates the switch businesses are making.
IOT will increase the need for embedded security and increased analytics as I have said before http://insight.nttcomsecurity.com/post/102d4og/digital-transformation-with-wearables and Cisco an infrastructure giant is recognising the need to manage our connected society and to provide visibility of things. For us in risk management and information security the haystack has just got bigger.
The money is in the Internet of things. Cisco’s made its first acquisition in 2016, and it was a big one. The networking titan said on Wednesday that it had bought a Silicon Valley startup called Jasper Technologies for $1.4 billion. Jasper specializes in software that helps manage wireless connections for Internet-connected equipment.