Google Announced New Acquisition for US$ 50 Million

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Google announced its intention to buy Xively from LogMeIn, providing Google Cloud an established IoT platform, on February 15, 2018.

Google would be acquiring the platform for US$ 50 million, with an aim to expand into the IoT market. The company believes it would reach 20 billion connected devices by 2020. Xively will provide Google a tool for enabling device designers to build connectivity directly into the design process along with offering a cloud-mobile connection between the end user app and the connected device or system.

A representative of Google, Antony Passemard, said “This acquisition, subject to closing conditions, will complement Google Cloud’s effort to provide a fully managed IoT service that easily and securely connects, manages and ingests data from globally dispersed devices.”

LogMeIn said that the Google is a better fit for Xively, according to them. “We believe that Google Cloud, now armed with Xively’s team and great technology – and backed by their platform and developer heritage and reach – are a far better fit for the future of platform leadership,” said the company

The company purchased Jive Communications in mid-Jan to concentrate on unified communications, while still maintaining their support and identity access businesses.

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