Cisco to Acquire Jasper Technologies for Internet of Things (IoT)

Acquisition Will Bring Together Connectivity, Security, Automation and Real-Time Insights for a Complete IoT Service Solution

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SAN JOSE, Calif. – Cisco (NASDAQ:CSCO) announced today its intent to acquire Jasper Technologies, Inc., a privately held company based in Santa Clara that delivers a cloud-based IoT service platform to help enterprises and service providers launch, manage and monetize IoT services on a global scale. Under the terms of the agreement, Cisco will pay $ 1.4 billion in cash and assumed equity awards, plus additional retention based incentives.

 

Jasper is the industry’s leading IoT service platform in terms of number of enterprises and service providers; in fact, many of the world’s largest enterprises and service providers are using the Jasper platform to scale their IoT services business globally. With Jasper, companies can connect any device – from cars to jet engines to implanted pacemakers – over the cellular networks of the top global service providers, and then manage connectivity of IoT services through Jasper’s Software as a Service (SaaS) platform.

 

IoT brings with it many complexities, such as connecting and securing millions of devices and collecting and analyzing data. Jasper simplifies these challenges and helps customers accelerate the shift to IoT. The Jasper IoT service platform automates the management of IoT services across connected devices and enables companies to create new business models that transform their products into connected services and generate new sources of ongoing revenue.

 

Jasper develops and provides a SaaS platform with a predictable, recurring revenue IoT business that manages and drives a wide range of connected devices and services for more than 3500 enterprises worldwide, working with 27 service provider groups globally.

 

The proposed acquisition will allow Cisco to offer a complete IoT solution that is interoperable across devices and works with IoT service providers, application developers and an ecosystem of partners. Cisco will continue to build upon the Jasper IoT service platform and add new IoT services such as enterprise Wi-Fi, security for connected devices, and advanced analytics to better manage device usage.
“I am excited about the opportunity for Cisco and Jasper to accelerate how customers recognize the value of the Internet of Things,” said Chuck Robbins, Cisco Chief Executive Officer. “Together, we can enable service providers, enterprises and the broader ecosystem to connect, automate, manage, and analyze billions of connected things, across any network, creating new revenue streams and opportunities.”

“IoT has become a business imperative across the globe. Enterprises in every industry need integrated solutions that give them complete visibility and control over their connected services, while also being simple to implement, manage and scale,” said Jahangir Mohammed, Jasper Chief Executive Officer. “By coming together, Jasper and Cisco will help mobile operators and enterprises accelerate their IoT success.”

 

Jasper CEO Jahangir Mohammed will run the new IoT Software Business Unit under Rowan Trollope, Cisco senior vice president and general manager, IoT and Collaboration Technology Group. The acquisition is expected to close in the third quarter of fiscal year 2016, subject to customary closing conditions.
Visit the blog for more information about Cisco’s intent to acquire Jasper.

 

Investor and Media Conference Call:

 

Cisco Vice President of Corporate Development Rob Salvagno will join Cisco’s Senior Vice President and General Manager, IoT and Collaboration Technology Group, Rowan Trollope, and Jasper CEO Jahangir Mohammed, to host a joint investor and press call on February 3 at 2:00 PM PST to discuss the proposed transaction.  To view the webcast go to: http://edge.media-server.com/m/p/3jnsipgu. The dial-in number is +1 773-756-4602 (international) and 888-810-6801 (United States) passcode: 6383252. Conference call replay will be available from 4pm PST on Wednesday, February 3rd. The replay also will also be available via webcast on the Cisco Investor Relations website at http://investor.cisco.com.

 

About Cisco

Cisco is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to http://thenetwork.cisco.com.

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Nokia to acquire Withings for Digital Health Market

Nokia plans to acquire Withings to accelerate entry into Digital Health 

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DIGITAL HEALTH WORLD CONGRESS 2016

Espoo, Finland – Nokia has announced plans to acquire Withings S.A., a pioneer and leader in the connected health revolution with a family of award-winning digital health products and services to help people all over the world lead healthier, happier and more productive lives. Withings will be part of our Nokia Technologies business.

“We have said consistently that digital health was an area of strategic interest to Nokia, and we are now taking concrete action to tap the opportunity in this large and important market,” said Rajeev Suri, president & CEO of Nokia. “With this acquisition, Nokia is strengthening its position in the Internet of Things in a way that leverages the power of our trusted brand, fits with our company purpose of expanding the human possibilities of the connected world, and puts us at the heart of a very large addressable market where we can make a meaningful difference in peoples’ lives.”

World Health Organization figures show cardiovascular disease as today’s number one cause of death, with more than a billion adults around the world living with uncontrolled hypertension. Diabetes now affects more than one in twelve adults worldwide, a four-fold increase since 1980. Healthcare is expected to be one of the largest vertical markets in the Internet of Things, with analysts forecasting that mobile health, with a CAGR of 37%, will be the fastest growing health care segment from 2015-2020.

“Withings shares our vision for the future of digital health and their products are smart, well designed and already helping people live healthier lives,” said Ramzi Haidamus, president of Nokia Technologies. “Combining their award-winning products and talented people with the world-class expertise and innovation of Nokia Technologies uniquely positions us to lead the next wave of innovation in digital health.”

The combination of innovative products from Withings and the Digital Health business will also ensure the ongoing renewal of Nokia Technologies’ world class IPR portfolio.

Withings was founded by Chairman Eric Carreel and CEO Cedric Hutchings in 2008 and is headquartered in France, with approximately 200 employees across its locations in Paris, France, Cambridge, US and Hong Kong. Withings’ portfolio of regulated and unregulated products includes activity trackers, weighing scales, thermometers, blood pressure monitors, home and baby monitors and more, and is built on a sophisticated digital health platform, providing insights to empower people to make smarter decisions about the health and wellbeing of themselves and their families. Withings’ own products are complemented by an ecosystem of more than a hundred compatible apps.

“Since we started Withings, our passion has been in empowering people to track their lifestyle and improve their health and wellbeing,” said Cédric Hutchings, CEO of Withings. “We’re excited to join Nokia to help bring our vision of connected health to more people around the world.”

The Nokia brand continues to be recognized, valued and trusted by consumers, built on a heritage of beautifully designed, innovative and reliable technology in the service of people around the world to help real human needs.

The planned transaction values Withings at EUR 170 million and would be settled in cash and is expected to close in early Q3, 2016 subject to regulatory approvals and customary closing conditions.

Sources:
World Health Organisation: Diabetes fact sheet; Cardiovascular diseases fact sheet; Global Health Observatory data.
P&S Market Research, “Global Digital Health Market Size, Share, Development, Growth and Demand Forecast to 2020.” November 2015

About Nokia Technologies
Nokia Technologies is Nokia’s advanced technology and licensing business. Formed in 2014, TECH builds upon our solid foundation of industry-leading licensing and technology R&D capabilities. By focusing on Digital Health, Digital Media, Brand Licensing, and Patent Licensing, TECH is expanding the human possibilities of the ever-evolving world of technology. In 2015, Nokia Technologies launched OZO, the world’s first virtual reality (VR) camera designed for professionals.

About Nokia
Nokia is a global leader in the technologies that connect people and things. Powered by the innovation of Bell Labs and Nokia Technologies, the company is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives.

With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. http://nokia.com

Media Enquiries:
Nokia 
Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com

Investor Enquiries:
Nokia Investor Relations
Tel. +358 4080 3 4080
Email: investor.relations@nokia.com

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SoftBank to buy IoT Vendor ARM for USD4 $32 billion

Japan’s SoftBank  will buy Britain’s most valuable technology company ARM for $ 32 billion in cash, an audacious attempt to lead the next wave of digital innovation with a chip designer that powers the global mobile phone industry.

 

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Led by the charismatic Japanese investor, Masayoshi Son, SoftBank swooped on the Apple supplier ARM in the three weeks since Britain voted to leave the European Union, a result which stunned financial markets and has sent sterling down 11 percent against both the dollar and yen.

While the drop has made British assets much cheaper for foreign investors, the chief of the telecoms and internet group played down any suggestion that this was an opportunistic deal.

Son said he had been following ARM for the last 10 years and decided now was the right time to invest in a firm that provides the technology in nearly all smartphones including Apple’s  iPhone and Samsung’s  Galaxy.

ARM is also poised to play a central role in the tech industry’s shift to the ‘internet of things’ (IoT) – a network of devices, vehicles and building sensors that collect and exchange data – a stated focus for SoftBank founder and CEO Son.

“ARM will be the center of the Internet of Things, in which everything will be connected,” he told reporters. “IoT is going to be the biggest paradigm shift in human history (and) we have always invested at the beginning of every paradigm shift.”

The ARM deal is one of Japan’s biggest overseas ventures and the latest in a parade of Japanese companies seeking growth abroad as the domestic economy stagnates.

From a British point of view, the capital investment is so big that it covers approaching three months of the country’s huge current account deficit, according to Kit Juckes, head of currency strategy at Societe Generale.

It is SoftBank’s largest takeover to date and marks a departure for a group whose tech and telecom portfolio ranges from U.S. carrier Sprint  to a stake in Chinese e-commerce giant Alibaba  and humanoid robot ‘Pepper’ – but does not yet include a major presence in the semiconductor industry.

The deal will also mark a major change for the 26-year-old British firm based in Cambridge, eastern England, and which touts its independence as a reason why it can work with the rival players in the mobile industry.

British politicians have objected in recent years to some international takeovers including Pfizer’s failed bid to buy AstraZeneca  and the successful move by Kraft to buy British chocolatier Cadbury.

But Son spoke to British Prime Minister Theresa May over the weekend and within minutes of SoftBank announcing the deal on Monday the government released a statement saying it showed Britain remained open for business.

Uncertainty surrounding the vote to leave the EU in last month’s referendum has raised fears that foreign investment, which is vital for covering the current account deficit, might fall.

ARM Chief Executive Simon Segars told Reuters the board had been impressed with SoftBank’s promise to increase jobs at ARM, its willingness to engage the British government, and the 43 percent premium the group was willing to pay.

ARM shares surged 42 percent to 16.90 pounds by 1408 GMT.

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IoT Economic impact and Job Cuts

IoT Economic impact and Job Cuts. Keynote Internet of Things (IoT), Social Impact, Social Innovation & Poverty. Presentation PPT byAhsan Zaman at Oxford Business Poverty Conference 2016. Said Business School, University of Oxford, UK. Social Impact of Internet of Things. (Saïd Business School)

 

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IoT WORLD FORUM 2016

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Domino’s to use robots to deliver pizzas in Europe

Starship Technologies, the company building a fleet of autonomous robots designed to deliver goods locally, today announced the launch of pizza deliveries in co-operation with Domino’s Pizza Enterprises (Domino’s), a global leader in the pizza industry.

 

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Domino’s is running the project under the framework of DRU (Domino’s Robotic Unit), an initiative using robot and drone technologies for delivery.

Starship robots will start delivering pizzas within a 1 mile radius around Domino’s stores in selected German and Dutch cities.

Domino’s Pizza Enterprises is the largest franchisee of the Domino’s Pizza brand in the world, completing hundreds of thousands of deliveries every day from more than 2000 stores across the Company’s seven markets. Domino’s Robotic Unit (DRU) will oversee the partnership, after testing both ground and air based delivery solutions in 2016.

“We’re shared in our vision with Domino’s to constantly improve convenience for the customer.” Said Ahti Heinla, Chief Executive Officer, Starship Technologies. “Not only is Domino’s pizza delicious, but the perfect topping is giving back the luxury of time and control to the customer, and our robots are best placed to offer this.”

Don Meij, Domino’s Group CEO and Managing Director, said the partnership between the Company and Starship Technologies was an important next step in bringing robot pizza deliveries to reality.

“We are a global company and we are eager to progress innovative technology in all of the countries in which we operate – we are very excited to be partnering with Starship as it brings regular deliveries by robot one step closer to commercial operations.

“Robotic delivery units will complement our existing delivery methods, including cars, scooters and e-bikes, ensuring our customers can get the hottest, freshest-made pizza delivered directly to them, wherever they are.

“With our growth plans over the next five to 10 years, we simply won’t have enough delivery drivers if we do not look to add to our fleet through initiatives such as this.

Starship recently announced $ 17.2 million (€16.5 mil.) in seed funding, led by Mercedes-Benz Vans. The funding accelerates the development of pilot programs in Europe and the US.

This announcement follows the launch of more partnerships in the United States, United Kingdom, Germany, Switzerland and Estonia with Postmates, DoorDash, Just Eat, Hermes Parcel Delivery, Swiss Post and Wolt.

ABOUT STARSHIP TECHNOLOGIES

Starship Technologies is building a fleet of autonomous robots designed to deliver goods locally in 15-30 minutes within a 2 mile radius. The robots drive autonomously but are monitored by humans who can take over control at any time. Launched in July 2014, by two Skype co-founders, Ahti Heinla and Janus Friis, Starship is changing the way parcels, groceries and food are delivered.

Website: www.starship.xyz
Facebook: @Starshiptech
Twitter: @Starshiprobots
Instagram: @Starshiprobots

ABOUT DOMINO’S PIZZA ENTERPRISES

Domino’s Pizza Enterprises is the master franchisor for the Domino’s Pizza brand in Australia, New Zealand, France, Belgium, The Netherlands, Japan and Germany. Across these seven markets, DPE and its franchisees operate over 2000 stores.

MEDIA CONTACTS

Henry Harris-Burland
Chief Marketing Officer
Starship Technologies
henry.harris-burland@starship.xyz
+44 (0) 7732552891 (UK)
+1 (415) 624-4573 (USA)

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