Google attains IOT Xively platform for $50M from LogMeIn

Google has intensions to get Xively from LogMeIn for $50M. While revealing about this attainment in a blog post Google mentioned that it wanted to use this acquisition as a catalyst in the ever-growing market of IoT.

Google believed to touch 20 million connecting devices by 2020. By acquiring Xively, they are buying a tool that would further enable the designers of devices to develop connectivity in the designing process simultaneously giving a cloud mobile connection between the connected device and the end user.

From Google team, Antony Passemard noted:

“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 they believe Google to be a better fit for Xively
and said:

“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.”

This perfect combo and the Google’s ability to gauge will facilitate its customers to develop IoT applications in a better way.

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