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Google Buys Nest for $3.2 Billion


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Guest LilBambi

Google Buys Nest for $3.2 Billion ...

 

Why Google Just Bought Nest, the "Smart Thermostat" Company - Slate

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Google just announced that it’s buying Nest for $3.2 billion, in the highest-profile tech acquisition of the young year.

 

Nest is best known for its smart thermostat, which learns your habits over time and adjusts your heat settings accordingly. More broadly, the startup appeared well-positioned to build a platform for other Internet-connected devices in the home.

 

 

 

From Google’s statement:

Nest’s mission is to reinvent unloved but important devices in the home such as thermostats and smoke alarms. Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller—and the recently launched Protect (Smoke + CO Alarm) has had rave reviews.

Larry Page, CEO of Google, said: “Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family. They’re 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!”

Tony Fadell, CEO of Nest, said: “We’re thrilled to join Google. With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world.”

Nest will continue to operate under the leadership of Tony Fadell and with its own distinct brand identity. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US. It is expected to close in the next few months.

 

 

 

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V.T. Eric Layton

MUHAHAHAHA! Google is going to assimilate all you idiots. Resistance is futile. They will succeed where Bill Gates failed. :devil:

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securitybreach

Well it was 3.2 Billion. I wonder why google would buy a thermostat company for that much?

 

Anyone can be bought... even me. ;)

I am also available to the highest bidder..... B)

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As one of the idiots... I am disappointed in Nest for allowing themselves to be bought. :(

 

Adam

Why spend $120 for a thermostat ? seriously, i don't get it. One get programmable thermostats with smarts for under $50
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Guest LilBambi

Well it was 3.2 Billion. I wonder why google would buy a thermostat company for that much?

 

Data. Amazing amount of Energy data will be available to Google now.

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Guest LilBambi

Nest Gives Google Its Next Big Data Play: Energy - Forbes

 

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But it is also bigger than Energy alone ...

 

 

Linking home appliances is an emerging market where Google won’t want to get left behind. The timing of the announcement—coming on the first business day after the massive International CES closed its doors—is interesting. At that show, the connected home was one of the biggest topics.

 

...

 

Among the movers, Samsung announced it was developing a software platform for connecting home appliances. Samsung has a head start in some ways, since it’s the leading smartphone maker—the device through which many appliances will be controlled—and it’s a huge maker of appliances like refrigerators and washing machines.

By acquiring Nest, Google will get its hands on one of the most-talked-about connected-device startups of the past year, which was thanks largely to its Apple pedigree.

Google is already working to connect other types of devices. It recently announced its Open Automotive Alliance, which would bring Google’s Android system to cars this year, making them smarter.

 

@PCWorld

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Why would energy companies buy the data , which is partial at best, if they needed constant data? For much less they could install their own meters at their own junctions. Heck, if your area has variable billing, it is already doing that.

 

$250 for a thermostat ?!?!? :w00tx100:

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