Google Buys Nest For Smart Thermostat Home Solutions At $3.2 billion

Search giant Google has acquired Nest, which is a smart thermostat company founded by Tony Fadell and Matt Rogers. The company develops solutions that make life easier at home. They have successfully developed thermostats that have the ability to save energy. They are also already offering smoke/CO alarms. 

Interestingly, Fadell is a former employee of Apple and currently works for Google. The duo founded Nest in 2010 and they will work with Google post the acquisition as well.

In a statement, Google CEO Larry Page has said, “Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family.” … Read the rest

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