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Google's Nest buying Dropcam

June 23, 2014Tess Nacelewicz

PALO ALTO, Calif.—First, Google got into home automation early this year with the $3.2 billion buy of smart thermostat and smoke alarm maker Nest Labs. Now, Nest has announced it plans to buy Dropcam, which makes video cameras that stream video to a user's computer or cellphone. The $555 million buy gives Google an entrée into home security.The deal should expand the companies' share of the smart home market, an investor and market analyst tell Security Systems News.However, how much Nest's...

dropcam, Google, Imperial Capital, Jeff Kessler, Kleiner Perkins Caufield & Byers, Navin Rajendra, nest labs, nest protect, TechNavio, Trae Vassallo

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