Pachube Acquired: Why Did It Sell So Early?

Pachube Acquired: Why Did It Sell So Early?:

"My favorite startup in the fast emerging Internet of Things market, London-based Pachube, has been acquired by Woburn, Massachusetts-based LogMeIn. The deal is worth "approximately $15 million in cash," some of it dependent on performance. LogMeIn provides provides cloud-based remote access solutions, such as the remote PC control app Ignition that we wrote about earlier this month. Pachube (pronounced Patch-Bay) is a platform for connecting people and devices to the Internet. The acquisition allows LogMeIn to extend its reach beyond computers, smartphones and tablets to "potentially all Internet-connectable devices." For Pachube, it allows them to scale up its operations."

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