Google to Acquire IOT Platform for $50 million
Google announced in a blog-post that it has agreed into agreements to acquire Xively, a division of LogMeIn Inc for $50 million through which, its Cloud IOT Core will gain deep IOT technology and engineering expertise, including Xively’s advanced device management, messaging, and dashboard capabilities.
Google believes that the growing IOT market can reach as much as 20 billion connected things by 2020. This acquisition of Xively will help the search engine giant to enable device designers to build connectivity directly into the design process while providing a cloud-mobile connection between the end user app and the connected device.
"With the addition of Xively’s robust, enterprise-ready IoT platform, we can accelerate our customers’ timeline from IoT vision to product, as they lo...