ecoINSITE

  • Search
You are here: Home / Cleantech & Renewable Energy / Google snaps up Nest for $3.2B
Google Acquires Nest

Google snaps up Nest for $3.2B

January 13, 2014 by Pedro Hernandez Leave a Comment

Tweet

This is big.

Google has acquired Nest Labs, a Palo Alto, Calif.-based maker of smart thermometers and smoke detectors for a cool $3.2 billion in cash, reports Chris Preimesberger over at eWEEK. “Google took another big step Jan. 13 in its quest to become a major player in the connected-home Internet of Things market,” he wrote. Agreed.

Launched in October 2011, the Nest thermostat made a big splash thanks to its impeccable design, intuitive energy management capabilities and iPod-like simplicity. The latter’s no accident. Nest Labs was founded by Tony Fadell former head of Apple’s iPod division.

The company followed up last year with Nest Protect, a smoke alarm and carbon monoxide detector that links with the company’s smart thermostat and can pull off a neat trick; when it detects carbon monoxide, it shuts down a home’s gas furnace, a source of the deadly gas.

Nest also brought the concept of the smart home one step closer to the masses. No wonder Google’s interested. Over at Forbes, NextMarket Insights founder and chief analyst Michael Wolf wrote:

So why is Google making this move now? In short, I think Google wants to be your ‘home OS’.

What do I mean by that? Basically, Google wants to essentially own the user interface, the data and the services that help you run your home.

In a blog post regarding the sale, Fadell said, “Google will help us fully realize our vision of the conscious home and allow us to change the world faster than we ever could if we continued to go it alone. We’ve had great momentum, but this is a rocket ship.”

“Google has the business resources, global scale and platform reach to accelerate Nest growth across hardware, software and services for the home globally,” added Fadell. The startup’s culture and  brand will live on under Google, he added. ” We will continue to reimagine and reinvent the unloved products that proliferate in our homes, just as we have since we started. We are simply going to get our products into the hands of people around the world – faster.”

In a statement, Google CEO Larry Page echoed the sentiment.

“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,” said Page. “We are excited to bring great experiences to more homes in more countries and fulfill their dreams!”

Image credit: Nest

Filed Under: Cleantech & Renewable Energy Tagged With: acquisition, Google, Internet of Things, Nest, smart home

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recently…

  • Climate change highlights from Bill Gates’ 7th Reddit AMA
  • When solar sours the home buying experience
  • Watch: Nova’s Rise of the Superstorms
  • Microsoft’s green underwater datacenter project reaches phase 2
  • Earth Day 2018: Apple’s new robot recycler, Jane Goodall Google Doodle

Categories

  • Business
  • Cleantech & Renewable Energy
  • Cloud Computing
  • Company Profiles
  • Data Center
  • E-Waste & Recycling
  • ecoSocial
  • Environment
  • EVs & Green Transportation
  • Featured
  • Gadgets & Mobile
  • Green IT
  • Industry Voices
  • Living
  • Servers
  • Smart Grid
  • Stats & Figures
  • Storage
  • Uncategorized
  • Virtualization

Keeping good company

1E Blogs
TreeHugger
GreenBiz.com
NYT Environment
Inhabitat
Data Center Knowledge
Triple Pundit
SmartPlanet

About ecoINSITE

Visit the ecoINSITE.com About Page

This work by Pedro Hernandez is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
Creative Commons License

ecoINSITE RSS Feed RSS Feed
Site Map

Alltop. Bribes work.

Nuts n’ Bolts

Powered by Wordpress
Supercharged by Genesis
Hosting by Linode

Social

Visit ecoINSITE’s Facebook Page
Follow us on Twitter @ecoINSITE
ecoINSITE on Google+

© 2025 · ecoINSITE