BOSTON, Aug. 21, 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 awarded a contract to IoT-enable UK schools, as part of DISTANCE, a consortium founded to advance education through technology. DISTANCE is the first in a series of Xively initiatives focused on preparing the workforce of tomorrow for the digital economy.
The Internet of Things enables a world where devices, data and places are interconnected with applications and users over the Internet, transforming the way people discover and interact with the world. The IoT market is predicted to generate between $1.2 trillion1 and $14.4 trillion2 in revenue, representing over one trillion connected objects by 20203. Xively provides the cloud-based platform, tools and services needed to easily and rapidly create and manage connected offerings on the Internet of Things, paving the way for unique commercial opportunities.
"We believe the IoT has captured the imagination of academia, businesses and consumers around the world, promising to have an enormous impact on the digital economy. While Android and iOS carved a path for almost anyone to participate, many predict the Internet of Things is driving an order-of-magnitude jump in the type of commercial opportunities the economy will generate," said Chad Jones, VP Product Strategy, Xively. "It's critical that schools understand how to leverage the IoT so they can enhance the quality of education and prepare students to be active contributors to, and beneficiaries of, this 21st-century industrial revolution. We're excited to team with leaders such as Intel, in helping students realize the commercial promise of the IoT."
Intel is part of DISTANCE, a group of eight organizations that was awarded an £800,000 (USD $1.24 million) "Internet of Schools Things" project by the UK Technology Strategy Board. DISTANCE is helping UK schools leverage the IoT to enhance learning and inform the next generation of schools.
"The Internet of Things is the next big wave of computing. It will touch more aspects of our lives and have a more profound effect on the workforce than we can begin to imagine. Intel is committed to helping today's youth develop the skills they need to capitalize on the IoT and become the innovators of tomorrow," said Duncan Wilson, Principal Investigator, ICRI Cities, Intel.
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
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