Nest, the Google-owned high tech outfit developing connected appliances, has acquired home video surveillance firm Dropcam for $555m (£326m).
The deal, announced on Friday, is set to boost Nest’s connected product line up, which currently includes a thermostat and smoke alarm that can be remotely controlled by a smartphone.
“Nest cares as much about customers, privacy and product experiences as we do. Our products and technologies are a natural fit and by joining up with Nest we can fully realise our vision,” said Dropcam chief executive and founder Greg Duffy in a blog post.
Nest founder Matt Rogers said any privacy concerns of the deal, similar to those of when Google acquired Nest, were unfounded.