New York Times:
Nest Labs, a maker of digital thermostats, announced Friday evening that it planned to buy another fast-growing producer of home devices, Dropcam, for $555 million in cash.
The deal is another sign of the industry optimism that the emerging market for Internet-connected smart devices in the home is poised for rapid growth. The most striking sign of such enthusiasm is Nest itself, which Google bought this year for $3.2 billion.
In a brief interview, Matt Rogers, co-founder of Nest, said, “This is a Nest Labs deal, not a Google deal.”
It will be interesting to see how these two companies/devices will fit together going forward.
Nothing against Mr. Rogers, but his obvious urge to point out that “this is … not a Google deal” is quite telling. Seems he is aware that this will not go down well with many potential and existing Dropcam buyers.
Before I buy home surveillance equipment from Google of all “people”…
Great. Now I have to get new thermostats and cameras too.
Most people do not know google bought nest, Google is using nest here to deflect attention away from Google’s “creepy” advertising reputation.
A company whose business model is the collection of personal data, purchasing a company that produces cameras that observe you in your home.
Yes, that isn’t creepy at all.
Sweet!
whys that? what’s the added value for you, other than just being your usual contrarian self…
Man you can be such a joke sometimes. Maybe you’re the contrarian with your constant hate on Google.
I love the idea of Nest owning Dropcam and providing an integrated experience on Android and iOS.
You’re pathetic. For the love of God take your Google loving anti-Apple zealot self someplace else.
Lay off the childish insults and name calling, please.
Thx Shawn. It’s unfortunate many in this community fight anyone with a differing opinion.
Disagreement is fine. Name calling and insults are not.