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.
