BOSTON, June 18, 2013 (GLOBE NEWSWIRE) -- Xively, a subsidiary of LogMeIn (Nasdaq:LOGM) and creator of the first public cloud platform for the commercial Internet of Things (IoT), today announced it has been selected to present at the "Ones to Watch" showcase at Internet of Things 2013, being held June 27, 2013 in Cambridge, UK. Xively was chosen for its platform's unique ability to help businesses quickly create IoT-connected offerings and effortlessly scale to billions of devices.
The IoT "Ones to Watch" will showcase 12 companies, selected from a pool of more than 60 submissions, that have demonstrated success in IoT and are expected to drive the market forward. In addition to Xively, other vendors include Electric Imp and Good Night Lamp.
"The Internet of Things has enormous potential to transform how people discover and interact with the world, and create lucrative revenue streams for businesses of all sizes. Xively makes it easy for businesses to capitalize on this huge opportunity in a fast and extremely affordable way. With Xively, companies can test, build and commercialize on a proven IoT cloud platform without having to invest in any of the complex infrastructure needed to bring connected products to market," said Chad Jones, VP Product Strategy, Xively. "We're thrilled to share our unique approach with IoT 2013 attendees and show how easy it can be to benefit from the Internet of Things revolution."
The IoT market is predicted to generate $1.2 trillion to $14.4 trillion in revenue by 2020 (Machine Research, 2012; Cisco 2013). But its initial ramp up is hindered by the fact that, in addition to building devices that utilize the IoT, businesses must also have an infrastructure to connect, scale and manage them. That infrastructure is incredibly complex and would be extremely costly and difficult for most organizations to build and maintain. Plus, it would be a major distraction from their core business.
Xively eliminates the IoT infrastructure challenge with Xively Cloud Services, a proven public cloud that provides a unique combination of services, web-based developer tools and libraries purpose-built for developing and managing commercial products on the IoT, as well as the ability to selectively interconnect and share data with other products through the Xively Connected Object CloudTM. With Xively, businesses can focus on their innovations instead of infrastructure, and go-to-market with IoT-connected products at a fraction of the time and cost that would otherwise be required.
To register for IoT Forum 2013, see the "Ones to Watch" showcase, and visit Xively's exhibit, click here.
About IoT 2013
Internet of Things 2013, sponsored by the Business Leaders Network, is a one-day forum designed to educate, inspire and connect people and companies that are focused on turning connected devices into profitable businesses. Attendees will explore IoT commercial applications, business models, industry traction, and what is needed to build successful IoT ventures. For more information, click here.
Xively provides the first public cloud purpose-built for the Internet of Things (IoT). Xively's Platform as a Service (PaaS) helps companies simplify and accelerate development of a new generation of IoT-connected products that easily interact with other connected offerings, and effortlessly scale to billions of devices. With Xively, businesses of all sizes can focus on their innovation, instead of infrastructure, and bring compelling connected offerings to market at significant cost savings. Through the power of Xively's Connected Object Cloud™, solutions can securely and selectively interconnect, creating an exponential effect. A subsidiary of LogMeIn (Nasdaq:LOGM), Xively is headquartered in Boston's Innovation District. https://xively.com