Tuesday, January 14, 2014

Google to acquire Nest for $3.2 billion?

By Vasudev Ram

Saw the news here on Hacker News, and then read the post on Google's site:

Google to Acquire Nest

Excerpt from that Google page:

[ MOUNTAIN VIEW, CA – JANUARY 13, 2014 — Google Inc. (NASDAQ: GOOG) announced today that it has entered into an agreement to buy Nest Labs, Inc. for $3.2 billion in cash.

Nest’s mission is to reinvent unloved but important devices in the home such as thermostats and smoke alarms. Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller--and the recently launched Protect (Smoke + CO Alarm) has had rave reviews. ]

So it looks like the news is true - I thought at first it might be a joke of some sort.

TechCrunch article about it:

Google Is Buying Connected Device Company Nest For $3.2B In Cash

The Hacker News thread about the acquisition of Nest by Google, has someone mentioning how this ties in with the Internet of Things.

Coincidentally, I had talked just recently about the Internet of Things, in this post:

websocketd and Python for system monitoring - the JavaScript WebSocket client,

which in turn referred to this post:

PTC Acquires ThingWorx, Internet of Things Platform Provider

- Vasudev Ram - Dancing Bison Enterprises

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