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Google to acquire Nest for $3.2 billion

Posted by Andru Edwards Categories: Corporate News, Household

Google acquires Nest

Google just announced that it will acquire Nest, the company that sells the popular and impressive connected Smart Thermostat and Protect smoke alarm devices, for $3.2 billion. With the deal, Nest founders Tony Fadell and Matt Rogers will join Google, bringing the two men who pretty much brought the iPod to life into Google's clutches.

"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 Google CEO Larry Page in a statement. "We are excited to bring great experiences to more homes in more countries and fulfill their dreams!"

Google says that Nest will continue to operate independently, and Nest says that the customer data will be kept separate from the rest of Google data mining. We've seen similar promises from other companies Google has purchased in the past, and many of them were broken. We'll see how this one pans out. The acquisition is now pending regulatory review, and will likely take a few months to close.


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Bleeding Edge TV 414: Nest Learning Thermostat

We chat with Matt Rogers of Nest at CES 2012 in this episode. Nest is a learning thermostat that is created by the guys who created 13 generations of iPod and a few generations of the iPhone, and is an ingenious way to re-imagine saving energy in your home. The thermostat is a round metal dial with a circular color LCD screen that works a lot like an iPod classic click wheel. You can turn the temperature up or down by twisting the dial, or you can go through its menus by pressing it in like a button. It can be set to automatically change the temperature based on the time and whether you're present. We also demo the Nest thermostat to show you exactly how it all works.

Big thank you to MozyPro and JackThreads for sponsoring the show - be sure to check them out! MozyPro provides simple, automatic, and secure data backup. As for JackThreads, we've got exclusive invite codes that give you $5 to use towards anything you'd like on the site.


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