Matt Rogers, founder of Nest, announced the acquisition of Dropcam today via their blog. After being in the market for a camera technology and looking at a few different companies around the world Nest decided on Dropcam.
Dropcam has the best products, services, and customer experience in the business. -Matt Rogers, Nest
At a price of $555 million, it seems the plan wasn’t just to scoop up a camera company. As smart home products like Nest and the new Honeywell Lyric I covered last week are making their way to the center stage it is the perfect opportunity for a company like Nest to ride the smart home wave to the next level. For Nest, owned by Google, the next level should include a central hub, controls for non-connected devices, and a surveillance/security system. Dropcam fills the security position nicely.
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. -Matt Rogers, Nest
Nest + Google + Dropcam.
If privacy advocates were bothered by the idea of Google buying a thermostat, this acquisition will probably send them up the wall.
Right off the bat, Nest founder Matt Rogers started working to sooth the inevitable concerns in his initial announcement. -Greg Kumparak, Techcrunch
I am looking forward to seeing the next innovative thing that emerges from this deal. What do you think of this deal? Let us know in the comment section below, or on your social network of choice.