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Google acquires IoT platform Xively

By TechTaffy Desk

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]

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