Nest to acquire IP camera company, Dropcam, for US$555 million

Nest has announced, two days ago, that it’ll be purchasing IP camera company Dropcam for $555 million. According to Re/code, Nest is acquiring the firm on its own without the assistance of Google, its parent company, and will be incorporating Dropcam into the Nest brand. Engadget has also corroborated with Nest that it has indeed purchased Dropcam  outside of Google.

Dropcam makes one of the more popular WiFi surveillance cameras on the market and most recently released an advanced Pro version for $199 late last year. Along with the hardware, Dropcam also provides a service that lets you view what the camera’s seeing via the web or a dedicated Android or iOS app. There’s an optional subscription plan that’ll give you access to Dropcam’s Cloud Recording service that records video as well. Engadget has also corroborated with Nest that it has indeed purchased Dropcam  outside of Google.

 

“The teams are very well-aligned and we love the product,” Rogers said. “We both think about the entire user experience from the unboxing on. We both care deeply about helping people stay connected with their homes when they’re not there.”

 

We’re not entirely sure yet on how Dropcam will work in concert with Nest’s smart thermostats and smoke alarms, but we imagine it’ll open more possibilities for the connected home.

Nest itself was just purchased by Google just four months ago for $3.2 billion.

 

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Shaminder Pal Singh

I am a student by day and tech blogger by night. I try to bring to the public the latest and greatest news from the tech world!

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