Google's Nest to Acquire Dropcam for $555 Million

Google's Nest Lab is buying Dropcam for $555 million, the companies announced on Friday.

 Both the companies are manufactures for home market. Nest Labs the company which was acquired by Google this year for $3 billion produces connected thermostats and smoke detectors, while Dropcam gives you wifi-enabled home security cameras. 

 The reports comes from, the Wall Street Journal that the deal to be made in all cash. Founder of Nest Matt Rogers says in blog post about the deal and also tells how did he spent time looking at camera companies and technologies.

 Dropcam customers can use their existing accounts to buy products as it will continuing selling products on their website.

 Image:- Dropcam 

Ben Woods
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