Google to acquire IoT platform Xively from LogMeIn

Google wants to use the acquisition as a springboard into the growing IoT market.

  • Published: February 16, 2018 1:30 PM IST

Google has announced its intent to acquire Xively, a platform that offers IoT solutions, and as the company points out, the deal is “subject to closing conditions”. This is naturally aimed to give Google Cloud an established IoT platform to add to their product portfolio. In a blog post, Google makes it clear that it wants to use this purchase as a springboard into the growing IoT market, which it believes will reach 20 billion connected things by 2020.

With Xively, which is a division of LogMeIn, Inc., Google is getting a tool that enables device designers to build connectivity directly into the design process while providing a cloud-mobile connection between the end user app and the connected thing.

“The acquisition…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.”

Further, Google points out that with the means of this acquisition, Cloud IoT Core will gain “deep IoT technology and engineering expertise”, including Xively’s advanced device management, messaging, and dashboard capabilities.

Google says “With Google Cloud’s deep leadership in data analytics and machine learning, our customers will also be uniquely positioned to build turnkey IoT solutions and focus on business value creation.”

LogMeIn acknowledged the development in a blog post announcing the intent to exit the IoT space. “So the obvious question is, does this mean LogMeIn is exiting the IoT? Well, if you mean the IoT connectivity platform space, yes, we’re leaving it. 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,” they wrote.

  • Published Date: February 16, 2018 1:30 PM IST