BOSTON, Sept. 30, 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), will be featured at the 2013 M2M and Internet of Things Summit taking place October 1 – 2, 2013 at the National Press Club in Washington, D.C. Chad Jones, Xively's Vice President of Product Strategy, will lead the keynote session, "Building the Internet of Things: Challenges and Opportunities," on October 1 st at 9:35 am ET.
Jones will discuss how the Internet of Things, predicted to generate $1.2 trillion 1 to $14.4 trillion 2 in revenue by 2020, has the potential to revolutionize the relationship between people and their world through extreme connectivity. He will also cover how organizations can leverage the IoT internally to overcome business challenges and gain competitive advantages, while highlighting opportunities for manufacturers to capitalize on the vast IoT opportunity with compelling commercial offerings.
Jones will also participate in a roundtable discussion, "Realizing the Benefits of the Internet of Things," following his keynote. He will join luminaries from the Federal Trade Commission, The World Bank, Sprint Nextel and Microsoft in exploring the promise and implications of the IoT.The 2013 M2M & Internet of Things Global Summit brings together leaders in industry and government who will explore the latest IoT technologies and innovations. It offers participants the chance to exchange views on the current IoT ecosystem and discuss how the public and private sectors can work together to create an environment for increased innovation, investment and economic growth. About Xively Xively provides the first public cloud purpose-built for the commercial 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 by allowing businesses of all sizes to 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 2 " Embracing the Internet of Everything to Capture Your Share of $14.4 Trillion ," Cisco, Xively is a trademark of LogMeIn in the U.S. and other countries.
CONTACT: Press contacts: US inquiries: Xively@bakercg.com UK inquiries: Xively@hotwirepr.com
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