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Nest to buy Dropcam for USD 555 million

2014-06-23 08:51:00| Telecompaper Headlines

(Telecompaper) Google-owned Nest, a vendor of smart home products and services such as thermostats, smoke and CO alarms, has entered into an agreement to buy home camera and motion sensor tag company Dropcam for USD 555 million in cash, subject to adjustments. Dropcam was founded by CEO Greg Duffy and Coo Aamir Virani in 2009. Its backers include Accel Partners, Kleiner Perkins Caufield & Byers and Menlo Ventures.

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Google-owned Nest buys home surveillance firm Dropcam

2014-06-23 02:00:00| Total Telecom industry news

Nest to enable interaction between Dropcam products with its own; insists customer data won't be shared.

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Google's Nest Buys Dropcam for $555M

2014-06-22 02:37:23| PC Magazine Digital Cameras Product Guide

Eventually, "we'll incorporate Dropcam into how we do business at Nest," said Matt Rogers, Nest founder.

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Google and Nest Acquire Dropcam For $555 Million

2014-06-21 08:18:09| Wireless - Topix.net

Remember those rumors a few weeks ago that Google was looking to acquire the plug-and-play security camera company, Dropcam? Just months after being acquired themselves, the now Google-owned Nest has just announced that they've acquired Dropcam.

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Nest Offers Discounted, Wave-Less Smoke Alarm

2014-06-17 22:51:46| TechNewsWorld

Google's Nest subsidiary has returned its Protect smoke and carbon monoxide alarm to the market, less than one month after recalling 440,000 units because of a defect. The device has been discounted to $99 from $130. The Protect was recalled because of a software glitch that could prevent it from properly sounding an alert. Nest issued a temporary software update to disable its Wave feature.

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