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Nest home automation sold to Google for $3.2 billion cash


In a surprising move, Google has announced that it acquired Nest, a home automation startup of programmed Thermostats and other automation products, for $3.2 billion in cash, adding it to the list of hardware business acquisitions such as robot-maker Boston Dynamics.

google-nestFormer Apple engineers, Tony Fadell (designer behind Apple iPod) and Matt Rogers co-founded the Nest in 2010 and now the firm has been acquired by the largest Internet Tech firm, Google for whopping $3.2 billion. Tony Fadell responded that the Nest’s day-to-day operations will continue as is and the product apps will be available for all available platforms including iOS. However, regarding the Google’s services’ integration he said that the partnership will be amazing but he hasn’t revealed any type of Google’s integration to the Nest products.

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Many people might fear about their privacy after Google’s acquisition of Nest designed products that connects home to internet and the company will be controlled by the search giant, which unintentionally (or?) involved in many privacy situations in many of its products ad services. But, regarding the privacy concern, Nest’s VP of engineering stated in the blog post,

Our privacy policy clearly limits the use of customer information to providing and improving Nest’s products and services. We’ve always taken privacy seriously and this will not change.

Sundar Pichai, Senior Vice President of Google, tweeted:

Google CEO Larry Page said in the statement:

“They’re [Nest] already delivering amazing products you can buy right now–thermostats that save energy and smoke/CO alarms that can help keep your family safe. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!”

If you already an owner of Nest products, you don’t have to worry about the company’s decision on killing the service after acquisition as Google did in recent past, because the Nest products has spread so well in the market that Google can’t kill rather, it will improve the overall products.

[ Source: Google Investor, Nest Blog ]


About John W Arthur

john@thenextdigit.com'
John is the head of our IT Security team and he writes about Security, IT news on The Next Digit. He was the Employee of the Year 2013 for his selfless support and efficiently setting up the whole security infrastructure. He also occasionally writes on "IT Sec Pro" Print Media of Sweden. All posts by John

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