IoT: Google offers Xively for $ 50 million

by bold-lichterman

Google wants to rely on the cloud to better establish itself in the Internet of Things. In this sense, the Mountain View firm has just announced the acquisition of the American company Xively, which is developing a cloud platform dedicated to IoT, from LogMeIn, a specialist in connectivity via the cloud. The deal is worth $ 50 million. LogmMeIn, which spent $ 12 million in 2014 to get its hands on Xively, said it was abandoning the connectivity market for IoT.

Founded in 2003 by Usman Haque, Xively develops a cloud platform allowing terminal manufacturers to integrate connectivity into the design of their connected objects. This turnkey IoT platform also offers management storage tools and an analytical dashboard.

Google Cloud reports $ 1 billion per quarter

As part of this acquisition, Xively’s technology and workforce will be integrated into the Cloud IoT Core division, dedicated to the management and integration of data from connected objects. In this way, Google will have an IoT platform in its product portfolio that should serve as a stepping stone to the growing IoT market. “By 2020, we estimate that approximately 20 billion connected objects will be online and that cloud data analysis and storage is now the cornerstone of any successful IoT solution.Says Antony Passemard, head of product management at Google Cloud IoT.

In addition to IoT, the takeover of Xively also allows the Alphabet subsidiary to strengthen itself in the cloud. According to Sundar Pichai, the boss of the American giant, Google Cloud now brings in $ 1 billion per quarter. The sum appears derisory in the 32.3 billion dollars in turnover garnered by Google in the last quarter of 2017. Although the vast majority of the Mountain View firm’s income comes from advertising (27.2 billion dollars between October and December), the revenues generated by its cloud services. In this segment, Google must notably face Amazon Web Services (AWS), the majority of whose activity is carried out in infrastructure.