Nest to acquire Dropcam
June 22 , 2014
Google-owned Nest mentioned that it is soon to acquire Dropcam, which specializes in cameras meant for home security.
Neither company said anything about the financial aspect of the move. "Eventually, the plan is for us to work together to reinvent products that will help shape the future of the conscious home and bring our shared vision to more and more people around the world," Nest founder Matt Rogers said.
Moreover, Dropcam co-founder Greg Duffy said the two companies are "kindred spirits" since they were "born out of frustration with outdated, complicated products that do the opposite of making life better."