Nest Labs News
Just how big is the home automation industry? One way to tell is by looking at the sheer number of companies – large and small—that have rushed to enter this fast-growing space. They include some of the world’s largest corporations – Apple and Google – along with the nation’s biggest cable and telecom companies – Comcast and AT&T. It includes big names in security like Honeywell and ADT. Then there are less known, but fast growing, contenders such as...
Tyco will help with establishing widespread adoption of Thread Technology The Thread Group announced the addition of Somfy, the leader in home control products, and Tyco, the largest fire protection and security solutions company, to its Board of Directors. Thread is the new IP-based low-power wireless mesh networking protocol designed specifically for the home and the Thread Group is an industry alliance chartered with guiding the widespread adoption of Thread. The Threa...
2014 was a year for eye-popping merger and acquisition (M&A) activity in the security space. The big deals of the year included some of the largest names in the industry. One name is larger than any in the security market – Google, which made not one but two acquisitions this year that could impact the future security market. It was also the year that a smaller player in the video camera market (although a huge familiar brand overall) bought a large, open systems V...
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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