Reportedly, the American internet search giant has agreed to pay Dollars 50 million for Xively, which is presently a unit of the Boston based web conferencing firm, LogMeln. In another step last week, in an effort to outgun Amazon's Alexa products and services portfolio working towards connected devices, Google merged smart device-maker Nest's unit with its hardware team.
Subject to the closing conditions of the deal, Google said that the acquisition of Xively is going to 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".
Xively will join Google's cloud computing division and is meant to complement its existing efforts to provide businesses with "a fully managed IoT service that easily and securely connects, manages, and ingests data from globally dispersed devices", Google Cloud's Antony Passemard wrote in a blog post.
In what can be touted as an attempt to reinforce its cloud business, Google, this Thursday, has apparently declared its plan of buying the IoT software provider, Xively.
GCP now has a service called "Cloud IoT Core" for managing, connecting, and processing data from connected devices.
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"By 2020, it's estimated that about 20 billion connected things will come online, and analytics and data storage in the cloud are now the cornerstone of any successful IoT solution", said Antony Passemard, head of Product Management, IoT and Pub/Sub at Google Cloud.
The company was acquired by LogMeIn in 2014 for 12 million dollars, but LogMeIn has stated that it would rather focus on customer service and its popular password manager LastPass instead of IoT. This acquisition, the search giant says, will push it into the growing market.
"So the obvious question is, does this mean LogMeIn is exiting the IoT?"
"What we will continue to do is invest in our Support-of-Things initiatives for products like LogMeIn Rescue, Bold360, GoToAssist, Central, Rescue Lens and SeeIt - all offerings that will continue to help our customers support new types of connected products, as well as the connected consumers that use them".
Google announced in early February that its combined cloud business was earning in excess of US$1 billion per quarter, and this acquisition of Xively could be an investment to try and expand that business and compete with the likes of AWS, Microsoft and other cloud market leaders.