Google to acquire IoT platform Xively from LogMeIn

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This deal is being seen as a part of the measures taken by Alphabet in order to keep up with Amazon and Microsoft in the public cloud business. It said, "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". Google launched the service in beta last September.

Besides connecting devices to the Internet, Xively also offers technology created to help enterprises aggregate and manage the data collected from them.

San Francisco: Google said it plans to acquire Xively, a unit of LogMeIn Inc., in a bid to capture sales from businesses that manage a growing number of devices connected to the internet.

Google says it will provide more details after the deal is closed.

Now, Xively will allow the companies to do a lot more, like connecting new devices, managing them remotely and most importantly, transferring data from these devices into other systems.

While the Google purchase of Xively - which remains subject to closing conditions - signals Google's ambitions in the area, it also highlights LogMeIn's loss of appetite for it.

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A revenue of massive $3 million and a whopping $13 million of expenses were booked by the division in LogMeIn's 2017 fiscal year. Once it sheds Xively, LogMeIn's products will consist of business communications and collaboration software (think webinars and video conferencing), tools for remote computer access and troubleshooting, and cybersecurity and password management.

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.

The Xively employees in Boston will be relocated to the Cambridge offices of Google, a Google spokesman told me.

"Our customers will benefit from Xively's extensive feature set and flexible management platform, paired with the security and scale of Google Cloud " Passemard said in a blog announcing the planned acquisition February 15.

Jeff Engel is a senior editor at Xconomy.

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