Cisco on Tuesday said it has completed its $1.4 billion acquisition of Jasper Technologies, less than two months after announcing the deal.
The networking giant is now using Jasper's Internet of Things stack and software portfolio to form a new IoT cloud business unit within Cisco, headed up by its founder Jahangir Mohammed.
"With the IoT Cloud Business Unit, Cisco is moving up the stack to deliver a complete portfolio that simplifies the launch, management and monetization of IoT service for everyone," Mohammed said in a blog post.
Last year Cisco made it clear that it wanted to move deeper into the Internet of Things with a bevy of announcements focused on the manufacturing, transportation, utilities, and oil and gas industries, amongst others.
In addition to buying Jasper, Cisco last October snapped up Cologne-based startup ParStream, which provides a database for analyzing large amounts of IoT data in near real time anywhere on the network.
Looking at the bigger picture, Cisco's new IoT unit is just one aspect of the company's recent internal reorganization.
In a memo to employees, Cisco CEO Chuck Robbins announced that Cisco's engineering unit would be split into four new teams to reflect the company's key growth areas: Networking, Cloud Services & Platforms, Security, and Applications & IoT.
Robbins said the new segmented engineering teams will be better equipped for rapid product development while also helping to focus the sales, services and marketing teams for each unit.