Dropcam uses bank-level security to ensure that live and stored videos are safe, even on open wireless networks
The agreement has been signed for $555 million in cash

Google-owned Nest Labs, Inc. (nest.com) announced recently that it has entered into an agreement to buy Dropcam for $555 million in cash, subject to adjustments. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US.

See latest article from our Editor on how this space is witnessing some solid activity.

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