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LogMeIn has acquired Ionia Corp., a move that is part of the company’s strategy to accelerate LogMeIn’s Internet of Things (IoT) opportunity by helping early adopters of its Xively Cloud Services platform to quickly go to market with their connected offerings.
LogMeIn is building out an ecosystem of system integrators and growing its base of self-service customers.
“We’re seeing a shift in the way companies are approaching the IoT. Whereas last year it was mainly exploratory and product-focused, now it’s about implementing IoT solutions that deliver maximum business value,” LogMeIn CEO Michael Simon said. “This acquisition enables us to rapidly assemble a team with expertise in connected customer experiences and comprehensive business solutions. By augmenting Xively with Ionia’s experience delivering cloud business solutions, we believe we can deliver the holistic IoT-based solutions customers need to transform their business.”
Financial terms of the deal were not disclosed.
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January 17 2019 @ 18:50:04 UTC