Xively: LogMeIn Reels Back IoT Ambitions with $50M Sale of Xively to Google

LogMeIn is dialing down its ambitions in the Internet of Things space. More than four years after LogMeIn's now-former CEO said that the Internet of Things could become its largest business, the Boston-based company on Thursday announced that it had sold Xively, its IoT connectivity platform, to Google for $50 million. While the company is [...]