A lot of companies are buying a lot of other companies these days, with one of the latest acquisitions being Nest's $555 million dollar grab for Dropcam. Designed to be a cloud-based WiFi video streaming service, Dropcam may seem like an unusual investment for a company known best for thermostats and smoke/carbon monoxide detectors; at least until you consider that there seems … [Read more...] about Nest Purchases Dropcam for $555M of Google’s Money
Nest
Google Gets Competition From Honeywell with New Lyric Thermostat
Home automation is one of the hottest topics around right now, and Nest was one of the first projects to kick it off when it was released in 2011. Branded as a truly smart therostat, Nest was purchased by Google for the bargain price of $3.2 billion at the start of 2014. Until now, there was little competition --until now. One of the leading names in thermostats, Honeywell, is … [Read more...] about Google Gets Competition From Honeywell with New Lyric Thermostat
Google Preparing an Onslaught of Smart Devices
With consumer focus shifting towards smart wearable devices, Google that has already made a head start in this segment with the Google Glass device is now keen to build up a sizeable presence in this segment. the above assertion stems from the search giant’s recent decision to acquire Nest Labs in a deal worth $3.2 billion. Nest labs right now can boasts of just smart devices … [Read more...] about Google Preparing an Onslaught of Smart Devices