Top 2014 Acquisitions That Advanced the Internet of Things
It’s undeniable: 2014 was the year when the electronics industry decidedly and collectively moved forward to push the Internet of Things (IoT).
For evidence, look no further than the myriad mergers and acquisitions among chip vendors, system companies, and software vendors this year — many in the IoT space. Beyond the usual reasons for consolidation (economy of scale, eliminating competition, expanding revenue), many companies scrambled to make deals specifically to get IoT technologies and products that were missing from their portfolios.
Google’s acquisition of Nest Labs in January 2014 was an early warning sign to those who’ve resisted the hype of IoT. The deal made it clear that smart homes are no longer about clapping your hands to turn on the lights. Now it’s all about big data and the Internet of Things.
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