Last week, Google purchased NEST – the startup company that makes the trendy Learning Thermostat and Protect Smoke Detectors, for $3.2 BILLION. Yes, you heard that right. That’s a lot of money. They previously owned 12% of the company through investments. Google made this move to acquire the terrific talent at NEST, which includes the infamous Tony Fadell (father of the original iPOD), and really make an aggressive move into the Smart Home market.
The NEST team will be transitioned into Google’s Core Hardware Group, inventing new products for the home beyond thermostats. All of this comes on the heals of Google shedding it’s Motorola brand name, selling it to Lenovo for $2.9 billion (but keeping most of Motorola’s juicy patents). Just when you thought you would benefit from Google owning a cell phone hardware manufacturer – what a perfect way to provide a complete mobile Android hardware AND software solution to consumers (can you say APPLE). But Motorola turned out to be something that was dragging the company down. So Google has moved on… to NEST.
Do you have a NEST device in your home? Is it worth the premium price you paid for it (the thermostats over over $125 and the smoke detector almost twice that)? We’d love to hear about your experiences.