Google to Acquire Xively IoT Platform for $50 million

Google to Acquire Xively IoT Platform for $50 million Image Credit: Xively

Google has announced that it has entered into an agreement to acquire Xively, a division of LogMeIn for $50 million.

By 2020, it’s estimated that about 20 billion connected things will come online, and analytics and data storage in the cloud are now the cornerstone of any successful IoT solution.

This acquisition, subject to closing conditions, will complement Google Cloud's effort to provide a fully managed IoT service that easily and securely connects, manages, and ingests data from globally dispersed devices. 

With the addition of Xively’s robust, enterprise-ready IoT platform, we can accelerate our customers’ timeline from IoT vision to product, as they look to build their connected business.

Through this acquisition, Cloud IoT Core will gain deep IoT technology and engineering expertise, including Xively’s advanced device management, messaging, and dashboard capabilities.

Our customers will benefit from Xively’s extensive feature set and flexible device management platform, paired with the security and scale of Google Cloud, said Google in a blog post.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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