(FROM THE WALL STREET JOURNAL 2/5/16) 
   By Don Clark

Cisco Systems Inc. said it will pay $1.4 billion in cash to buy Jasper Technologies Inc., one of the best-known startups pursuing the technology trend known as the Internet of Things.

The closely held company, founded in 2004, provides services to help customers connect and monitor things like cars, jet engines, manufacturing tools and medical pacemakers. Jasper specializes in managing the wireless connections and billing relationships with cellular carriers needed for what Silicon Valley calls IoT applications.

Cisco, the biggest maker of networking equipment, has long promoted the trend as the next major phase in the evolution of the Internet. It sells a variety of switching, routing and Wi-Fi equipment and related services and software.

The deal helps Cisco move "up the stack" of technology, becoming more closely involved in IoT applications in addition to moving data, said Rob Salvagno, Cisco's vice president of corporate development.

(END) Dow Jones Newswires

February 04, 2016 02:48 ET (07:48 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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