The Unicorn; Jasper Technologies; 独角兽企业; 95/174

The Unicorn; Jasper Technologies; 独角兽企业; 95/174


95.Jasper Technologies

 

 

Company Information

Valuation $1.4 billion
Sector Software
Headquarters Santa Clara, Calif.
Founded 2004
CEO Jahangir Mohammed

 

 

Jasper Technologies

Jasper, now part of Cisco, is an American corporation headquartered in Santa Clara, California that provides a cloud-based software platform for the Internet of Things (IoT) and, more specifically, to enable product businesses to become IoT service businesses.[3] The platform is designed to help organizations launch, manage, and monetize the deployment of the Internet of Things worldwide.[4]

Founded in 2004, Jasper partners with over 120[5] mobile operator networks to serve IoT and machine-to-machine (M2M) companies[6] across a wide range industries including: automotive, home security and automation, agriculture, food/beverage, wearable technology, healthcare, advertising and industrial equipment.[7]

On May 2, 2014, the company formerly called Jasper Wireless, Inc., announced a new company name: Jasper Technologies, Inc. The company attributed the change to more accurately representing the company’s product offerings.[8]

On February 3, 2016, Cisco Systems announced its plans to acquire Jasper for $1.4 billion, [9] and on March 22, 2016, finalized the $1.4B acquisition.[10][11]

With the acquisition, Jasper becomes the IoT Cloud business unit within Cisco.[12] Jasper’s CEO, Jahangir Mohammed, is now the GM of the IoT Cloud business unit – reporting to Rowan Trollope, SVP of the IoT and Collaboration Technology Group at Cisco.

 

CEO/Background

Mr. Jahangir Mohammed founded Jasper and served as Chief Executive Officer and member of the board.[7] Following the acquisition by Cisco, Mohammed is now the GM of the IoT Cloud business unit.[14] He is considered one of the early pioneers in IoT solutions,[15] driven by the insight: the IoT is not about things, it’s about service.[16] Over the past decade, he has grown Jasper into a global, cloud-based IoT platform used by over 3,500 companies to manage millions of connected products and devices.[17] Under Mohammed’s leadership, Jasper was selected for the 2015 World Economic Forum Technology Pioneer award which recognizes technology companies impacting business and society.[18]

Prior to Jasper, Mohammed founded Kineto Wireless and worked at Bell Labs.[19] He is the holder of 12 U.S. patents related to wireless devices. He is also credited with inventing technologies to converge GSM and Wi-Fi that have become GSMA standards recognized around the world.

95