Nest thermostats Maker takes business for security cameras on

Jun

21

2014

Nest, the company that makes smart thermostats and was recently acquired by Google has acquired a company itself. It is Dropcam, a start-up that makes security cameras and a cloud service provides to store the images.

The acquisition was announced by Nest CEO Matt Rogers in an interview with Recode. The company pays an amount Nest of 555 million dollars, converted approximately 408 million euros. Dropcam is part of the brand’s Nest and the employees work in the same office. Prior to the acquisition agreement was reached and signed, but the procedure has yet to be finalized, says Rogers opposite Recode.

According to Rogers, the acquisition was completed through Nest, Nest itself and not by parent company Google recently acquired for an amount of 2.3 billion euros. Dropcam is therefore likely to also sell its products under the brand name Nest. In this way, the Google daughter seems to want to expand. Its product range in the field of smart home devices Previously were already rumors out that Google had plans for a takeover of Dropcam.

Dropcam makes cameras that are intended for use in and around the house, for security. The images can be streamed to devices such as a computer, tablet or smartphone. Dropcam also provides software services: as a week can be stored by a cloud service of footage fee. The company also recently released software that people can recognize images.

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