After testing smart thermostats as part of 'EnergySense' program Google buys Nest

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Google is reportedly in the process of testing multiple Internet-connected thermostats. Much like the popular unit from Nest, the goal is to help users control power use and make the grid more efficient in general according to two people briefed on the matter as reported by The Information.

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Google on Monday announced that they have entered into an agreement to purchase Nest Labs, Inc., makers of the popular Nest Learning Thermostat and the recently-released Protect smoke detector, for $3.2 billion in cash. In the world of startup acquisitions, this is a big one.

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Google stands to gain a massive stream of new data about people's daily habits

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Let it be said that when_Google (GOOG) wants something, it doesn’t mess around. On Monday, the search-and-advertising company signed off on a deal to buy Nest Labs for $3.2 billion in cash. It’s an extraordinary sum to pay to become the world leader in high-tech smoke alarms and thermostats

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Google is moving into your home. On Monday, the Internet company said it was acquiring Nest, a maker of smart smoke alarms and thermostats, in a move that gives Google a strong foothold in a hot new market known as the "connected home."

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cio.com

[NewsCopy]

Google stands to gain a massive stream of new data about people's daily habits

The rest of the story
cio.com

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Google's ongoing efforts to infiltrate your homes with different types of digital gadgets continues with the acquisition of Nest Labs, a maker of modern day digital thermostats and smoke alarms. Not for the faint of wallet, Google agreed to pay $3.2 billion cash for Nest Labs, which was founded by Tony Fadell, the former Apple senior vice...

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