Jasper Wireless has raised $50 million in a new round of financing led by Singapore’s Temasek.
The M2M platform provider says it will use the funding to expand its service, claiming that it now serves around 1,000 enterprise customers and has partnerships with 19 operators around the world.
“After nearly a decade partnering with enterprises and operators, we know one thing with absolute certainty: the Internet of Things is not about things, it is about service,” said Jahangir Mohammed, the founder and chief executive of Jasper (Mountain View, CA, USA).
DigitalRoute and MetraTech have teamed up to help communications service providers with the monetization of next-generation services, including M2M and Intenet of Things (IoT) applications delivered over LTE networks.
The companies say they are already providing cloud-based metering, charging and billing services to a North America tier-one customer and aim to expand their offerings for other players as technologies like software-defined networking (SDN) and network functions virtualization (NFV) gain traction.
The United States on Friday criticized proposals to build a European communication network to avoid emails and other data passing through the United States, warning that such rules could breach international trade laws.
In its annual review of telecommunications trade barriers, the office of the U.S. Trade Representative said impediments to cross-border data flows were a serious and growing concern.
Equipment giant Cisco has unveiled plans to develop a network of clouds that will be “architected” specifically for the Internet of Everything.
Calling the network of clouds Intercloud, Cisco (San Jose, CA, USA) says it will invest $1 billion in building the expanded cloud business over the next two years and that it expects partners to stump up additional investments for the scheme.
Healthcare IT player IMS Health is expecting to price its initial public offering at between $18 and $21 a share, which would value the company at $6.97 billion, according to a report from Reuters.
The company, backed by TPG Capital Management (Fort Worth, TX, USA), is hoping to raise as much as $1.36 billion from the sale of 65 million shares.
According to Reuters, IMS (Parsippany-Troy Hills, NJ, USA), will sell some 52 million shares during the offering, with the remainder being put up for sale by shareholders.
Cisco Systems Inc plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world's biggest online retailer Amazon.com Inc, the Wall Street Journal reported.
Cisco (San Jose, CA, USA) said it will spend the amount to build data centers to help run the new service called Cisco Cloud Services, the Journal reported.
Cisco, which mainly deals in networking hardware, wants to take advantage of companies' desire to rent computing services rather than buying and maintaining their own machines.
The Internet of Things (IoT) industry is set to include 26 billion installed units by 2020, according to new research from Gartner, creating huge challenges for the data-center market.
The rise in the number of units has the potential to shake up the entire data-center market – with implications for customers, technology providers, technologies and sales and marketing models.
By 2020, predicts Gartner, IoT product and service suppliers will generate incremental revenue exceeding $300 billon, mostly in services.
Japan’s Fujitsu Laboratories says it has developed a distributed service platform technology designed to automate system architecture and operations in response to recent changes in the market environment.
The company says recent advances in M2M technology and widespread take-up of mobile devices have led to a surge in the amount of data being exchanged between cloud services and devices.
Module maker Telit has reported soaring revenues and profits for the 2013 financial year thanks to strong demand for its expanding range of M2M services.
Net income shot up from $3.88 million in 2012 to $10.87 million in 2013, while revenues increased by 17.3%, to $243 million, over the same period.
Results were boosted by the takeover of cloud specialist ILS Technology (Boca Raton, FL, USA) in September, but also reflected organic growth in each of the EMEA, Americas and Asia-Pacific regions.
Deutsche Telekom is busy showing off its M2M expertise at this week’s CeBIT show in Hannover, Germany just days after unveiling plans for a restructuring of its IT business that will prioritize the sale of standardized M2M services, among other off-the-shelf IT products.
In a strategy update last week, chief executive Timotheus Hottges said the operator would also look to address opportunities in Germany’s small and medium-sized enterprise sector, with the aim of generating €600 million from the sale of IT products in this market between now and 2018.