Google announces intent to acquire Xively, a division of LogMeIn

Search engine giant Google has announced that it has entered into an agreement to acquire Xively, a division of LogMeIn, Inc.

Google in its blog said that "Through this acquisition, Cloud IoT Core will gain deep IoT technology and engineering expertise, including Xively's advanced device management, messaging, and dashboard capabilities. Our customers will benefit from Xively's extensive feature set and flexible device management platform, paired with the security and scale of Google Cloud."
Adding that with Google Cloud's deep leadership in data analytics and machine learning, our customers will also be uniquely positioned to build turnkey IoT solutions and focus on business value creation.

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. This acquisition, subject to closing conditions, will 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. With the addition of Xively's robust, enterprise-ready IoT platform, we can accelerate our customers' timeline from IoT vision to product, as they look to build their connected business, Google said.

Meanwhile, LogMeIn in the blog post said that it has reached a definitive agreement to sell its Xively business to Google, subject to customary closing conditions.

It said that So the obvious question is, does this mean LogMeIn is exiting the IoT? Well, if you mean the IoT connectivity platform space, yes, we're leaving it. 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. 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.

The company further said that earlier this week, we took the wraps off of our new AI-powered customer engagement portfolio - a product line aimed at helping companies engage with modern consumers through their preferred messaging, social, and digital channels. Adding that Last week, we announced a deal to acquire Jive Communications - a deal that will bring together LogMeIn's renowned portfolio of collaboration apps like GoToMeeting and join.me with one of the best cloud telephony services on the market.