Nest Buys Home Security Company Dropcam
Nest Labs has entered into an agreement to buy Dropcam for $555 million in cash, subject to adjustments. Dropcam is a cloud-based, WiFi video service for residential customers to remotely check on their homes.
“Eventually, the plan is for us to work together to reinvent products that will help shape the future of the conscious home and bring our shared vision to more and more people around the world,” wrote Matt Rogers, Nest’s founder on the corporate blog.
In January, Google bought thermostat company Nest Labs for $3.2 billion and has since announced some utility partnerships to bring the Nest thermostat into homes along with service deals.
With the purchase of Dropcam, Google moves further into the connected home, offering security services in tandem with energy services. For business vendors of thermostats and energy services, it’s worthwhile to keep tabs on Google’s business strategies, even if they’re limited to residential, for now.
- The World Resources Institute Scope 2 Guidance: A Verifier’s Perspective
- Planning for a Sustainable Future
- How the IoT is Reshaping Building Automation
- Addressing Regulatory Trends with UVC LED-based Sensors
- Just the Facts: 8 Popular Misconceptions about LEDs & Controls
- 2015 Environmental Leader Product & Project Awards
- Choosing the Correct Emission Control Technology
- Energy Manager Today Awards Top Products and Top Projects of the Year
- Practical Insights into the Implementation of GHS Around the Globe
- Mobility from the Plant Floor to the Store Door: Improve Safety, Accuracy and Productivity