BOSTON, May 14, 2013 (GLOBE NEWSWIRE) -- The Innovation District -- LogMeIn, Inc. (Nasdaq:LOGM) announced today its collaboration with ARM® to simplify and accelerate commercial development on the Internet of Things (IoT). As part of the agreement, the companies are cooperating on LogMeIn's Xively Jumpstart Kit, a rapid prototyping-to-production bundle that significantly reduces the cost, complexity and learning curve required to bring IoT-based connected products and solutions to market.
This announcement coincides with the release of LogMeIn's Xively Cloud Services, a new commercial IoT Public Cloud, unveiled today.
The IoT enables a world where devices, data and places are interconnected with applications and users over the internet, transforming how people discover, interact and experience their world. It is made possible through a rapidly growing class of small, inexpensive yet powerful processors, ubiquitous connectivity, mobile computing and interaction platforms. The IoT market, which is predicted to generate between $1.2 trillion1 and $14.4 trillion2 in revenue and represent over one trillion connected objects by 20203, has captured the imagination of businesses and consumers around the world.
LogMeIn's Xively Jumpstart Kit combines ARM mbed™, a platform for rapidly building connected devices using ARM-based microcontrollers, with Xively's cloud platform, making the IoT a practical reality for anyone wanting to build Internet-connected devices and associated cloud-based applications, from small entrepreneurs to established Original Equipment Manufacturers (OEMs). With ARM mbed for product development, combined with Xively Cloud Services, developers and businesses can focus on their own innovations rather than on infrastructure and platforms. This results in accelerated time-to-market, as developers can rapidly progress from prototyping to volume deployment.
"ARM is increasing opportunities for innovation across the Internet of Things with easy-to-use platforms and standards that accelerate the creation of low-power, end-to-end solutions," said John Cornish, executive vice president and general manager, System Design Division, ARM. "LogMeIn's Xively Jumpstart Kit harnesses ARM mbed to support the development of new IoT products. We are pleased that LogMeIn shares our vision for an increasingly interconnected, innovative and energy efficient world."
"The Internet of Things signifies the next major wave of the Internet, one that we believe could even eclipse both the web and mobile waves combined, and presents a massive opportunity for businesses that want to create a new generation of compelling connected products. In order to make this happen, they need a simple, affordable way to experiment and innovate through a platform that will enable them to seamlessly move from prototype to commercial product, and then scale as demand grows," said Michael Simon, CEO of LogMeIn. "By working together with leading vendors like ARM, a company that's been a driving force in the enablement of the IoT, we can deliver a powerful, easy way for companies to jumpstart their IoT-based connected products and turn them into reality."
"We are seeing real traction in the Internet of Things market. Three forces are converging: connectivity, innovative new device designs and a new generation of technology tools that let manufacturers focus on their core product innovation instead of on building Internet of Things infrastructure from scratch. This can be a hundreds of billions of dollars opportunity. Xively Cloud Services organizes a true end-to-end chain of tools, support, partners, and infrastructure for smart systems on the IoT," commented Glen Allmendinger, President of Harbor Research Inc.
Allmendinger added, "With its new commercial offering, LogMeIn is proving it understands the creative evolution of the Internet of Things. As the value of connected devices becomes more apparent and the market matures, players like LogMeIn that can provide complete solutions to enable pervasive interactions between people, things and systems, will be well-positioned to take the lead and reap the full benefits of the opportunity."
The Xively Jumpstart Kit and Xively Cloud Services are available today at www.Xively.com.
About LogMeIn, Inc.
LogMeIn (Nasdaq:LOGM) transforms the way people work and live through secure connections to the computers, devices, data, and people that make up their digital world. The company's cloud services free millions of people to work from anywhere, empower IT professionals to securely embrace the modern cloud-centric workplace, give companies new ways to reach and support today's connected customer, and help businesses bring the next generation of connected products to market.
LogMeIn is headquartered in Boston's Innovation District with offices in Australia, Hungary, India, Ireland, the Netherlands, and the UK.
1 "The Connected Life: A USD4.5 trillion global impact in 2020," Machina Research, February 2012
3 "What the Internet of Things (IoT) Needs to Become a Reality," ARM Inc. and Freescale Semiconductor Inc., September 2012
CONTACT: Craig VerColen LogMeIn, Inc. 781-897-0696 Press@LogMeIn.com