Cisco Buys Jasper Technologies
San Jose-based networking giant Cisco said late Wednesday that it has acquired Jasper Technologies, which develops cloud-based, Internet-of-Things (IoT) software for the enterprise market. Cisco said it will pay $1.4 billion in cash and assumed equity awards, plus additional retention based incentives for Jasper. Jasper was based in Santa Clara, and was led by Jahangir Mohammed.
posted on Wednesday, February 3, 2016
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