nest acquire dropcam

Few weeks back we reported that Google is about to buy DropCam, a company famous for its $150 surveillance camera. It's now official that Google and its partner company Nest has acquired the Dropcam for interesting figure of $555 million in cash, DropCam and Nest reported on their blogs as official statement.

In January this year Nest partnered with Google and just after 5 months Nest announced the acquisition of DropCam, Matt Rogers, founder of Nest posted in his blog -
Before deciding to extend an offer to Dropcam, we spent a lot of time looking at camera companies and technologies around the world. And I can say without a doubt, Dropcam has the best products, services, and customer experience in the business.


Dropcam products will still be sold online and in stores. And Dropcam customers will still continue to use their Dropcam accounts. However the Dropcam will come under Nest's privacy policy. Greg, founder of Dropcam also posted in Dropcam official blog:

Nest and Dropcam are kindred spirits. Both were born out of frustration with outdated, complicated products that do the opposite of making life better. After numerous conversations with Nest Founders Tony and Matt, it was clear that we shared a similar vision. Nest cares as much about customers, privacy and product experiences as we do. Our products and technologies are a natural fit and by joining up with Nest we can fully realize our vision.


Nest & Dropcam both companies make innovative products and share similar consumer segment arena. Nest have product portfolio of compact Smoke + CO gas detectors and smart thermostats whereas Dropcam makes compact surveillance cameras with web enabled features. Thus both companies work for 'smart' home automation system.

Co-founded by former Apple engineers Tony Fadell and Matt Rogers in 2010, Nest was acquired by Google in January 2014 for $3.2 billion, which was Google's second-largest ever acquisition. Earlier investors in Nest Labs included Shasta Ventures and Kleiner Perkins Caufield & Byers.
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