Google is going to buy Xively - a division of LogMeIn, which deals with software for Internet devices of things ( Internet-of-Things )
What is Xively
Xively has been developing and sells services and software for controlling IoT devices, such as smoke detectors and water heaters. Behind The last quarter the company earned $ 3 million.
While no official statements have been made it was, but It is known that Google will pay for Xively $ 50 million. Sign the documents and settle all formalities must up to end of March, after which the entire staff Xively (and this is 45 people) will work in parent company.
What is it for?
It seems that Google is seriously engaged in strengthening its cloud division and increase production in sphere of the Internet of things, not regretting this money. By projected, already to 2020 IoT will have about 20 billion devices.
By the way, recently in Google moved to Samsung CEO Injong Rhee (Injong Rhee). On a new workplace he will just be engaged in projects related to Internet of things.
We recall that LogMeIn a few years ago joined the team of the popular password management service LastPass, but they repeatedly had serious problems with data leakage.