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 trillion 1 and $14.4 trillion 2 in revenue and represent over one trillion connected objects by 2020 3 , 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."