Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Cisco has completed its acquisition of Jasper, a privately held company based in Santa Clara, Calif. Jasper’s industry-leading cloud-based Internet of Things (IoT) service platform enables companies of all sizes to rapidly and cost-effectively launch, manage and monetize IoT services on a global scale.
With the acquisition, Jasper forms the new IoT Cloud Business Unit within Cisco. Together, Cisco and Jasper will bring to market a comprehensive IoT service platform to enable service providers, enterprises and ecosystem partners to rapidly build IoT service businesses such as usage-based insurance for connected cars, predictive maintenance for industrial manufacturing, and asset tracking for commercial fleet management.
“IoT is a key piece of enabling Digital Transformation for today’s enterprises. Cisco already has the network equipment, cloud, analytics and security layers, and the addition of Jasper brings critical IoT service platform layer needed to provide enterprises with a complete digitization strategy,” said Carrie MacGillvray, Vice President, Mobile and Internet of Things at IDC. “This acquisition provides value for both Cisco and Jasper’s enterprise customers, their service provider partners and broader IoT ecosystem partners.” Read more