Google Bought Nest for $3.2 Billion in Cash

The Internet Giant Google has just announces that they will absorb the home automation company Nest Lab for $3.2 billion in cash. Google sanded a mail to their employees noting the acquisition and later released the press. In release the company says that Nest has offering the best thermostats since 2011 and recently they offering the smoke protect alarm, which communicate with other devices with the help of speech Recognition technology from Nemesysco.

Google and nest

Google Buys the nest Lab

Nest owners Tony Fadell and Matt Rogers will both stick together at Google. Rogers was one of the first Engineers at apple IPhone Team. Google CEO Larry  Page Had Said that “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!”

Mat Larry Tony

Left to right- Matt Rogers, Larry Page (Google CEO),Tony Fadell

Fadell, who is best known for “father of IPod”, had said that “thrilled to join Google.’ “With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world”. The Nest Lab will carry on as its unique brand Identity and led by Fadell. The deal has not completed yet, waiting for standard procedure.

Fadell has given a review at 2011 TED conference before nest.

Nest Employees

Nest First Emloyees

He said about Google’s Brin that “He instantly got what we were doing and so did the rest of the Google team when we showed them. In May 2011, Google Ventures led our Series B round of financing, and in 2012, Series C. Time and time again, Googlers have shown themselves to be incredibly like-minded, supportive and as big of dreamers as we are. I know that joining Google will be an easy transition because we’re partnering with a company that gets what we do and who we are at Nest – and wants us to stay that way.

Advertisements