Google/Nest announces acquisition of Dropcam for $555 million

Google logoEarlier this year, Google announced that they would be acquiring Nest, the company behind smart home gadgets like the Nest Protect and the their smart thermostat. Now you might have heard that Google has interest in other home-related gadgets, and a rumor from last month suggested that Google could be looking to acquire Dropcam.

Well it turns out that the rumors were right because Nest (which we guess is technically owned by Google now) has announced that they will be acquiring Dropcam. How much will this deal cost Nest/Google? A whopping $555 million, according to the press release found on Nest’s website.

Nest notes that the deal will be subject to the usual regulatory approvals, but unless the regulators are planning on giving Nest/Google a hard time over their recent acquisition, we expect that it should proceed as planned. For those unfamiliar with Dropcam, it is a company whose main product is a security camera that can be placed at home.

The camera will then be able to upload its footage to the cloud and allow homeowners to check the recording anytime and anywhere. Once the deal is closed, Dropcam will be brought under Nest’s wing. In a blog post on Nest’s website, “Once the deal closes, we’ll incorporate Dropcam into how we do business at Nest. That includes how we handle everything from customer support to customer privacy.”

So, does this mean we can look forward to purchasing Dropcams from the Google Play Store in the future as well?

Source: Ubergizmo

Tags: Google

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

A mobile hotspot in Australia will be capable of hitting gigabit speeds on the go
A new game could be in the works as Blizzard appears to have been hiring for a Diablo-related project
Nokia CEO Rajeev Suri will speak at MWC 2017
However what if you could go way, way back?
The Helio P15 packs an octa-core Cortex-A53 processor clocked at 2.2GHz
Samsung claims up to 27-percent higher performance or 40-percent lower power
Preliminary data for October shows another Windows 10 boom
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments