Google Buys Nest Labs for $3.2 Billion Cash

Discussion in 'Android News' started by dgstorm, Jan 13, 2014.

  1. dgstorm

    dgstorm Editor in Chief
    Staff Member Premium Member

    Joined:
    Dec 30, 2010
    Messages:
    11,016
    Likes Received:
    3,979
    Trophy Points:
    823
    Location:
    Austin, TX
    Ratings:
    +4,254
    [​IMG]

    In poker, sometimes you make a move that simply "buys" you the pot, or at least attempts to do so. Google's newest acquisition could be one of those times. They just announced a purchase of Nest Labs, the makers of the Nest computer controlled digital thermostats. Google laid down a cool $3.2 Billion for the company which was founded by a former Apple employee, Tony Fadell, best known for his iPod- and iOS-related work.

    More than likely the reason Google snatched up this property was to grab their designs and their design talent. Now that Mr. Fadell and company will be working for Google, we can expect them to push further toward their future connected home plans. Whether the investment will be worth it in the long run remains to be seen.

    Here's the full press release,

    Source: Nest
     
  2. kodiak799

    kodiak799 Gold Member

    Joined:
    Feb 20, 2010
    Messages:
    5,978
    Likes Received:
    767
    Trophy Points:
    258
    Ratings:
    +933
    It is interesting that we haven't seen more home products with Android - most seem to have proprietary software (probably for a few understandable reasons) that seems to be clunky and/or cost prohibitive.

    I like the concept, but I'm not going to incur even a nominal cost to replace my thermostat (though that one probably would pay for itself, eventually). Otherwise, aside from lights and alarms (maybe door locks), I'm not really sure what needs to be automated in the home (I guess a stove would be for safety reasons).
     
  3. jspradling7

    jspradling7 Active Member

    Joined:
    Apr 7, 2012
    Messages:
    801
    Likes Received:
    214
    Trophy Points:
    43
    Ratings:
    +214
    I sort of "backed in" to Home Automation. I bought a new Trane A/C and Heating System for the house and it came with a Nexia thermostat. Then I found out that Ingersol Rand had bought Trane and some other companies in the home automation market. Once you start adding components you find all kinds of uses for it. For instance, "If a certain key code is used to open the door, turn on these lights, and those cameras, change the temp settings, and send me an email." Remote camera viewing and taking snapshots... notifications if motion is detected... you can even open the blinds remotely or on a schedule. Turn off certain receptacles that the curling iron or clothes iron are plugged into... it's endless.
     
    • Like Like x 2
  4. Dusty

    Dusty Silver Member

    Joined:
    Jan 13, 2010
    Messages:
    1,157
    Likes Received:
    459
    Trophy Points:
    198
    Location:
    DC/NoVA
    Ratings:
    +570
    Current Phone Model:
    Nexus 6
    I got the first generation Nest a few years ago, it paid for itself before the first year was up. I'm not big on the whole home automation thing either, but the Nest did a great job in dealing with temps and energy usage in my house. Even with rising electric and gas prices it saves me 25%-30% on my utility bills monthly when compared to before when my house had a traditional thermostat. If you have an apartment or a single zone house (I think they just upgraded the software to coordinate multiple zone homes now too) this thing is as advertized.
     
Search tags for this page

tony fadell net worth