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By Catholic Online (NEWS CONSORTIUM)

1/14/2014 (1 year ago)

Catholic Online (www.catholic.org)

Internet search giant acquires company known for thermostats, fire alarms

In its striving quest to become ubiquitous with 21st century life, Google has taken a bold move with its latest acquisition. Earlier this week, Google reached a deal to buy Nest, the maker of highbrow digital smoke alarms and thermostats, for $3.2 billion in cash. This put Google securely into multiple markets: search, e-mail, Smartphone, PCs, tablets and - now - the home.

CEO Tony Fadell, who started Nest in 2010, will continue to run the company. While Fadell was at Apple, he helped design the iPhone and iPod.

CEO Tony Fadell, who started Nest in 2010, will continue to run the company. While Fadell was at Apple, he helped design the iPhone and iPod.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

1/14/2014 (1 year ago)

Published in Technology

Keywords: Google, Nest, appliances, Tony Fadell


LOS ANGELES, CA (Catholic Online) - The acquisition has put Google in a prime position to cash in on the fledgling "The Internet of things." Google is now one step closer in which all digital devices in the average American home are interconnected in some manner for maximum sharing of data.

Based in Palo Alto, California, Nest has generated lots of buzz and sterling reviews for its aesthetic design approach to mundane, commonplace things often overlooked by consumers. The Nest Learning Thermostat, since its launch in 2011 has been a consistent best seller. The recently unfurled Protect (Smoke + CO Alarm) has also won high marks.

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Forrester analyst Frank Gillett says that Google's acquisition "affirms the growing strategic importance of the idea of the connected home . It also shows Google increasingly believes in hardware-software solutions such as Nest has built, rather than building operating systems" for makers of Smartphones, Chromebooks and TVs.

CEO Tony Fadell, who started Nest in 2010, will continue to run the company. While Fadell was at Apple, he helped design the iPhone and iPod.

"This was methodically planned - this was not a slapdash kind of thing over a weekend," the 44-year-old Fadell told USA TODAY. "This has been going on since the summer, when we started to think about raising money and when we also wanted to partner with certain teams at Google for technology, for infrastructure for various things."

"I work on visions and creating products and businesses that I believe in and other people take notice," Fadell said. "And, in this case, Google did."

Google CEO Larry Page said Fadell and his Nest co-founder Matt Rogers had built a "tremendous team that we are excited to welcome into the Google family."

The acquisition takes Google into largely unexplored territory, giving it a chance further drive its software and services into homes.

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