Google has confirmed that they’ve come into a contract to purchase Xively, a unit of LogMeIn, Inc. According to the firm, this acquisition is going to accentuate their attempts to offer a totally supervised IoT service that readily and securely links, controls, and ingests data from worldwide distributed devices. As outlined by TechCrunch, Google is going to purchase Xively for $50 million.
Google in their blog post stated that –
“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.”
In return for the $50 million, Google’s Cloud IoT Core is going to get “deep IoT technology” as well as engineering knowledge, such as Xively’s system administration, messaging and dashboard attributes which Google depicts as “advanced”. For its segment, LogMeIn asserted that it was, in fact, a tough call to part with the “extremely proficient workers, fantastic clients, and an innovate future-oriented product platform”.
LogMeIn on their blog post also added that –
“We are very happy for our team and our customers, and we want to extend our deepest appreciation for helping us define the next wave of connectivity. We will continue to cheer you and Google Cloud on as fellow pioneers in the IoT space.”
The firm additionally stated that previously this week, we unwrapped our latest AI-supported customer engagement portfolio – a device series directed at assisting organizations to interact with modern clients by means of their favored messaging, social, as well as digital mediums. Introducing that previous week, the firm also publicized an agreement to purchase Jive Communications – a contract that is going to organize LogMeIn’s famous portfolio of collaboration applications such as GoToMeeting and join.me with the most effective cloud telephony providers out there.