TechTaffy

tech:

taffy

Google acquires IoT platform Xively

826 views

Google has entered into an agreement to acquire Xively, the Internet of Things (IoT) business unit of LogMeIn. The sticker price of the deal is $50 million. Some 45 Xively employees are expected to join Google as part of the acquisition.

Antony Passemard, product management, IoT and Pub/Sub, Google Cloud, wrote in a blog post, “Through this acquisition, Cloud IoT Core will gain deep IoT technology and engineering expertise, including Xively’s advanced device management, messaging, and dashboard capabilities.”
In a blog post, LogMeIn said that the company is exiting the IoT space.
The acquisition is subject to customary closing conditions.

[Image courtesy: Xively]

Also see:

IT

MongoDB, Alibaba extend partnership for enhanced database services

MongoDB and Alibaba Cloud, the digital technology component of Alibaba Group, have announced a four-year extension to their existing global partnership.
IT

HCLTech selects SAP SuccessFactors human experience management suite

Global technology company HCLTech has announced the extension of its strategic partnership with SAP.
IT

Meta sells Giphy to Shutterstock at a $262M loss

Shutterstock has entered into a definitive agreement to acquire Giphy from Meta, the company formerly known as Facebook, for $53 million.
IT

SAP, Google Cloud announce expanded partnership to unleash the power of business data

SAP and Google Cloud have announced an expansion of their partnership, allowing customers to build an end-to-end data cloud that integrates SAP Datasphere solution with Google's data cloud.
Artificial Intelligence

Intel, BCG collaboration to deliver enterprise-grade Generative AI

Boston Consulting Group (BCG) and Intel are joining forces in a strategic collaboration to accelerate the adoption of generative artificial intelligence (GenAI).