Cisco, taking a big step forward in its quest to develop an efficient ecosystem for the Internet of Things (IoT),  recently announced the acquisition of Jasper, one of the largest IoT platform providers in the world. The acquisition, valued at $1.4 billion, is expected to provide Cisco a much-needed push in the constantly evolving IoT domain. Since networking hardware is likely to get commoditized with the expansion of IoT, Jasper’s Software as a Service (SaaS) platform appears to be a valuable addition for Cisco.  The IoT domain is heating up, and many networking companies are investing in technologies that will ensure seamless connectivity between Internet-connected devices. Cisco has been partnering with companies to bolster its IoT portfolio and expand its reach into new markets. Its recent partnership with Ericsson and Philips, and a six year old alliance with EMC and VMware on cloud computing are indicative of this.

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