Google on Monday announced that it has acquired Nest for $3.2 billion. The deal could help Google make significant inroads into the smart home market. Since its 2010 inception, Nest has been developing a line of smart smoke and carbon monoxide detectors, as well as thermostats that adjust to household activity in order to increase energy efficiency. “While Google has been working on connected cars, devices, phones, etc., it really didn’t have a footprint in the connected home,” said Zeus Kerravala, principal analyst at ZK Research.
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Google Buys Nest to Burrow Into Homes
Posted by: Rachelle Dragani January 14, 2014 12:58 PMGoogle on Monday announced that it has acquired Nest for $3.2 billion. The deal could help Google make significant inroads into the smart home market. Since its 2010 inception, Nest has been developing a line of smart smoke and carbon monoxide detectors, as well as thermostats that adjust to household activity in order to increase energy efficiency. “While Google has been working on connected cars, devices, phones, etc., it really didn’t have a footprint in the connected home,” said Zeus Kerravala, principal analyst at ZK Research.