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Cisco to pay US$1.4b for IoT firm Jasper Tech

Friday, February 5, 2016 - 05:50

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CISCO Systems Inc said on Wednesday that it was buying Jasper Technologies Inc, a startup that connects devices like cars and medical devices to the Internet, for US$1.4 billion in cash and equity awards - its largest acquisition since 2013.

San Francisco

CISCO Systems Inc said on Wednesday that it was buying Jasper Technologies Inc, a startup that connects devices like cars and medical devices to the Internet, for US$1.4 billion in cash and equity awards - its largest acquisition since 2013.

Legacy technology

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