Google is to acquire IoT network Xively, a division of remote management technology developer LogMeIn, for $50m.
By 2020, Gartner estimates that over 20bn connected devices will come online, and analytics and data storage in the cloud are now the cornerstone of any successful IoT solution. This acquisition, subject to closing conditions, will be added to Google Cloud's effort to provide a fully managed IoT service that easily and securely connects, manages, and ingests data from globally dispersed devices.
Through the acquisition, Cloud IoT Core will gain deep IoT technology and engineering expertise, including Xively’s advanced device management, messaging, and dashboard capabilities. Google customers can benefit from Xively’s flexible device management platform, paired with the security and scale of Google Cloud for data analytics and machine learning.