Google is buying Internet of Things (IoT) platform company Xively from LogMeIn for $50 million. In a blog post announcing the deal, Google said that the acquisition will complement Google Cloud Platform’s (GCP) IoT efforts and allow the company to provide a managed IoT platform that connects and manages devices as well as processes the data from them.
The move is seen as a significant one for Google because it gives the company’s Cloud IoT Core more IoT engineering expertise and more device management and messaging capabilities. In addition, customers will be able to combine the Cloud IoT Core with Xively’s device platform to take advantage of a more extensive feature set.
“Our customers will benefit from Xively’s extensive feature set and flexible device management platform, paired with the security and scale of Google Cloud,” said Antony Passemard, product management, IoT and Pub/Sub at Google Cloud, in the post.
LogMein said in a blog post that the deal will help Xively grow more quickly and is a good move for the company’s customers, employees, and partners. “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,” LogMein President and CEO Bill Wagner said in the post.