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
Nest has a good privacy policy and will be incorporating Dropcam under that policy as soon as this deal is final.
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. Like Nest customer data, Dropcam will come under Nest’sprivacy policy, which explains that data won’t be shared with anyone (including Google) without a customer’s permission.
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.
Sources: Engadget, Nest, Techcrunch
Last Updated on November 27, 2018.
