Google on Thursday announced it will acquire LogMeIn’s Xively IoT platform for $50 million.

Google said the deal will “complement” its Google Cloud efforts for a fully managed IoT service.

“With the addition of Xively’s robust, enterprise-ready IoT platform, we can accelerate our customers’ timeline from IoT vision to product, as they look to build their connected business,” Google wrote in a blog post announcing the acquisition.

Source: Google acquires LogMeIn’s Xively IoT platform for $50 million | ZDNet