Google Pays $50M for IoT Firm Xively

Google is buying Internet of Things (IoT) platform company Xively from LogMeIn for $50 million. In a blog post announcing the deal, Google said that the acquisition will complement Google Cloud Platform’s (GCP) IoT efforts and allow the company to provide a managed IoT platform that connects and manages devices as well as processes the data from them. The move is seen as a significant one for Google because it gives the company’s Cloud IoT Core more IoT engineering expertise and more device management and messaging capabilities. In addition, customers will be able to combine the Cloud IoT Core with Xively’s device platform to take advantage of a more extensive feature set.