Jasper Technologies Acquired by Cisco for $1.4bn

Jasper Technologies, a software company that helps manage wireless connections for Internet-connected equipment, was acquired by Cisco for $1.4bn yesterday.  Jasper, which has been on Triton’s IPO Watchlist since November 2014, was reportedly planning an IPO but decided to sell instead.  Investors in the company include AllianceBernstein, Benchmark, Sequoia Capital, and Temasek Holdings.  The $1.4bn sale price is approximately the price of Jasper’s latest private valuation.

Jasper Technologies is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 104 companies organized by investment theme.