The news broke earlier today that Wobrun, Mass-based LogMeIn, a provider of software to remotely access computers and mobile devices, acquired Connected Environments, the provider of Pachube for approximately $15M cash. In its press release, and the investor relations conference call that followed, LogMeIn said that it intends to leverage the acquisition to expand its Gravity platform while leaving the existing team in place. Usman Hague, the founder of Connected Environments and the individual most closely identified with the company's vision, wrote a sincere post about his hope for the future on his blog.
Pachube (pronounced Patch Bay) has been around for nearly 4 years (the service was launched in 2008) and has had a tremendous impact on the development of concrete Internet of Things projects. I hope that this continues and, with the resources of the parent company, expands in the future.
A few words from the LogMeIn press release:
"The Pachube Service and User Community
Pachube is an Internet of Things pioneer. Their service offers real-time monitoring and management of any type of connected device. Pachube makes it easy for people to connect their devices and sensors to its service, to publish data, and to receive data and instructions from other devices. The Pachube service also collects and stores the published datastreams for further analysis and visualization. Using the Pachube service, individuals, developers and businesses can create applications, services and products that leverage the data created by these connected devices. In doing so, Pachube empowers people to share, collaborate and make use of the information generated by the world around them. Currently, Pachube users send more than seven million datapoints to the service each day."
The Pachube community is, in my mind, the most valuable asset of the company which cannot quickly be rebuilt. I wonder if LogMeIn will be able to nurture and to grow the community which is composed largely of people who are very firmly devoted to open source.
What do you think?