Google buys smart thermostat maker Nest for a cool $3.2B
Google stands to gain a massive stream of new data about people's daily habits
IDG News Service - Google has acquired Nest, a company that makes a home thermostat that can be programmed from people's mobile phones, for $3.2 billion in cash, Google said on Monday.
The founders of Nest, Tony Fadell and Matt Rogers, "have built a tremendous team that we are excited to welcome into the Google family," Google CEO Larry Page said in a statement.
The transaction, Google said, is expected to close in the next few months.
Nest confirmed the deal with a Twitter message, adding that "Nest will stay Nest." Nest launched in 2011, and will continue under the leadership of Fadell, Google said in its announcement.
Nest's products include a home thermostat and a smoke and carbon monoxide alarm, which are designed to "learn" from users' habits. "Most people leave the house at one temperature and forget to change it," Nest says on the website of its thermostat. "The Nest Learning Thermostat learns your schedule, programs itself and can be controlled from your phone."
Nest's data could give Google a massive stream of interesting data about what people do in their homes. It could also advance the company's aims to become a stronger fixture in people's homes, which it is already trying to do through hardware like its Chromecast media streaming device and Chromebook laptops.
- 15 Non-Certified IT Skills Growing in Demand
- How 19 Tech Titans Target Healthcare
- Twitter Suffering From Growing Pains (and Facebook Comparisons)
- Agile Comes to Data Integration
- Slideshow: 7 security mistakes people make with their mobile device
- iOS vs. Android: Which is more secure?
- 11 sure signs you've been hacked
- 4 Customers who never have to refresh their PCs again This paper illustrates a common theme: the combination of desktop virtualization and thin client computing helps organizations deliver an up-to-date user experience more...
- Mobile Devices: The New Thin Clients Get essential guidance for understanding the role thin clients plus virtual desktops play in the enterprise today.
- Taking Windows Mobile on Any Device Taking Windows applications mobile has many advantages, but the process of identifying a solution is complex. Learn how to solve this complex problem...
- PaaS - Powering a New Era of Business IT Why PaaS has suddenly become relevant and irresistible to many organizations. Dive into the opportunities and considerations associated with using PaaS from an...
- Redefine Your IT Operations: Remote Office IT Has Never Been Simpler Join us to see why PC Pro named Dell PowerEdge VRTX the "2013 Server of the Year." PowerEdge VRTX may be just what...
- Meg Whitman presents Unlocking IT with Big Data During this Web Event you will hear Meg Whitman, President and CEO, HP discuss HAVEn - the #1 Big Data platform, as well... All Hardware White Papers | Webcasts