Google’s Nest pays $555M to acquire home camera maker Dropcam
Nest, the Internet-connected thermostat and smoke detector maker owned by Google, is acquiring home security system developer Dropcam as part of a push to connect a wider range of devices in people’s homes.
Nest said Friday that it was acquiring Dropcam and that the companies would be working together to build new products that add intelligence to the devices in people’s homes. The acquisition could allow for new types of communication among the appliances in homes.
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