The Inquirer-Home

Google spends $3.2bn feathering its Nest

Thermostat and smoke alarm seller acquired
Tue Jan 14 2014, 10:25
larry-page-welcomes-in-nest

INTERNET GIANT Google has spent $3.2bn, or just under £2bn on Nest, a company that makes smoke alarms and smart thermostats.

If you had any doubt that Google has its eyes on the home, lay any uncertainty to rest, it does. We have already seen it talk up smart lightbulbs and connected media players, but now it has moved further towards the concept of the smart device controlled home.

Google said that Nest takes unloved items and makes them smart. CEO Larry Page is happy to welcome Nest into the Google fold, and presumably happy with the large sum the firm paid for it.

"Nest's founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family," said Page.

"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!"

Nest has been around since 2010 and Fadell set it up after leaving Apple, where he worked on iPod design. Rogers also came from the Cupertino company.

"When Matt and I started Nest in 2010, we were determined to change our homes and the world around us," Fadell said in a post on the company blog.

"Starting a business focused on the lowly thermostat seemed like a crazy idea at the time, but it made all the sense in the world to us.

"That little device that went unnoticed and unchanged year after year on the walls of our homes was a lost opportunity to save energy and money. We knew we could do better."

Google has long been friend of the firm, and had the CEO's ear before he launched Nest. Now having been acquired by the internet search and advertising outfit, Nest will keep its brand name, according to Fadell, and will continue to serve the same customers, which include Apple users.

"Our company visions are well aligned - we both believe in letting technology do the hard work behind the scenes so people can get on with the things that matter in life," he added.

"Google is committed to helping Nest make a difference and together, we can help save more energy and keep people safe in their homes." µ

 

Share this:

blog comments powered by Disqus
Advertisement
Subscribe to INQ newsletters

Sign up for INQbot – a weekly roundup of the best from the INQ

Advertisement
INQ Poll

Masque malware is putting iPad and iPhone user data at risk

Has news of iOS malware made you reconsider getting an iPhone?