Jasper sells a SaaS platform for enterprise IoT management

Cisco Systems plans to acquire Internet of Things platform company Jasper Technologies for more than US$1.4 billion, giving the networking giant an even larger role in enterprises' growing use of IoT. Jasper connects devices to the Internet through 27 service-provider groups around the world and runs a SaaS (software as a service) platform for managing the connectivity of those devices. This makes it easier for enterprises to take advantage of IoT to add new service revenue streams or change a business from the selling of products to the delivery of ongoing services.