Nest will continue to operate with current leadership
Google has announced that they will acquire Nest, makers of the popular smart thermostat and smoke alarm systems. In a post in the Investor Relations blog, Google CEO Larry Page says:
Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family. They’re already delivering amazing products you can buy right now--thermostats that save energy and smoke/CO alarms that can help keep your family safe. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!
Nest devices are popular among tech adopters, and should be a nice addition to Google's plans to make your home (or office) smarter.
The current leadership, under Tony Fadell, will remain and Nest will continue to be their own separate entity. Given the recognition that the brand already has, and its reputation for solid and reliable products, this is the right move in our opinion.
With this acquisition, we expect Nest's mobile applications to become more robust and integrated on both Android and iOS. We look forward to see how this all plays out.
Source: Google Investor Relations
Reader comments
Google to acquire Nest for $3.2 billion
I plan on getting two Honeywell's with wifi for $200 total versus paying $500 for two Nests.
In either case, I'm sitting in my bed/couch/kitchen table or offsite using my smartphone app to turn up/down the temp.
Am I missing the advantage of the "learning" capability versus a 7 day programmable?
Their pitch is "programming thermostats is hard and complicated"
Which, if you frequent this site, you'll likely think that's a crappy excuse to get people to buy. It's not hard to program your thermostat.
Anything that ventures from your daily routine (think sick day), you already have to adjust your 'old school' thermostat. Just like a Nest.
Maybe the Nest is for people that are lazy? While I don't research this all day 24/7, I've yet to find someone that owns a Nest that says this recognizably and legitimately saves them money.
Last time I was there, I think Costco had the Wifi-enabled Honeywell for $99.
Is a touchscreen, Apple-esque design, and monthly report worth $250? Unsure at this point.
That screen will be worth a fortune in advertising revenue..
Im not sure how I feel about this. Ive been an early user of Nest since it came out. I even got the latest one to replace my V1 and use the smoke detectors as well. The internet connectivity is nice for monitoring the house when away and getting it cool for me when I arrive home in the summer here in Arizona. I also like to see my energy reports every month and the tips to save.
Google just better not have ad sense pop up on the damn thing every time I walk by it now! They better not screw it up and kill them off. If solid improvements come out, good on them. I just dont see how its a relevant product for them right now other than it being a "smart" device.
Hmm...is this "icebike" guy running a secret maphia out of his house? He sure is one heck of a paranoid fellow!!!
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He/She makes the comments section even better than the one on WPCentral :D
He/She/It isn't usually this bad.
Eh... Google trying to future proof their income streams.
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Motorola Droid Bionic Has Been Stolen and has been recovered! Yey!
This will definitely be incorporated into Google Now. Lights, coffee, delayed dishwasher start, garage doors. There are a lot of interesting hone automations. Can you imagine waking up. Coffee starts brewing, and your usual morning ritual of a shower and anything else starts for you? Genius.
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I don't know why, but I'm kinda worried about this.
Nevertheless, congrats to the Nest team!
Let's hope that great things are in store for them.
I need to replace my "dumb" thermostat with a Nest. It seems so convenient.
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Lmao I don't think Google has ever invested money in something they dontbsee potential in. If you own stock in Google be happy, seeing as Google has a pretty good track record for making good things great. If u don't own stock in google, well then its not really up to you to tell Google what to do with their money. If you don't the idea of this merger, don't buy nests products. I for one and interested to see where this goes, until then, I'll grab my popcorn and sit back and enjoy the show.
I kinda disagree.
Yes, Google has an AMAZING track record of making good products great, but IMO, the exception is YouTube.
From forced G+ integration to the copyright disaster on YouTube gamers, it seems YouTube is slowly falling down the drain.
Nevertheless, I agree with you mostly, but ever since Google bought YouTube, it seems to be getting worse, at least from my PoV.
They have fixed it. Google actually listens sometimes.
I don't see it getting worse. Its clean, they upped the max video limit (it was 10 min before google) and now you can upload 4k. Name another service like it.
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You make a good point.
+1
Also, this is from my perspective, in case some of you didn't notice. :P
Just wondering, did you use YouTube in 2005? Granted, I haven't, but while not everyone may like the recent changes, I guarantee you YouTube today is better than it was before Google purchased it in 2006 (which, by the way, was only a year after YouTube's founding).
This is why nobody from Google will ever be cast on Shark Tank.
LMAO..Nest is SOOOO overrated and ridiculously expensive for just getting a "brand name". These kinds of thermos have been around for years and there's better ones out there and less.
Whooopie, big news! HAHAHAHA
Dang. Do those thermostats print money or what? Geez google. I hope you don't end up scrapping this project like many others before cause this one is one hell of a buy.
I am not sure if I should be happy or sad that my home HVAC system is incompatible with Nest devices.
Next step,
Google Inc. would like to control your home temperature. Did you also know they would like to let other Google users also see what temperature conditions you have at home?
How cool is that? The whole world would know when you is your "out of home" conditions. Yep... That's sound great for the consumers.
+1
Barely posted from the shittiest device I've ever owned Samsung Lag-axy S3
S3, laggy, really? Do a factory reset, clear your cache, close apps, there are quite a few things to make sure a smartphone is running smooth. The S3 is a fine, and very capable smartphone.
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You can like cheap, shitty things. I'm entitled to my opinion, based on my experience since the first disappointing day.
Barely posted from the shittiest device I've ever owned Samsung Lag-axy S3
Any reputable cell-phone carrier has something like a 30 day return policy....don't like your phone? Take it back and swap it out.
+2014
There is this thing called "settings" where all sorts of things can be checked or unchecked. Stop being a paranoid freak, and learn how to control YOUR user experience!
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+1
3.2 billion for a thermostat. Yeah, I know, its more like Brinks or ADT Security and Google is making a move into connected homes, but it just seems out of whack when I can a thermostat for 5 bucks.
If you think one of the $20 thermostat does the same job as a smart thermostat wether it's a nest or honeywell Wi-Fi thermostat then you probably think that insulation doesn't work and double pane windows aren't energy efficient. That's fine I'll continue saving money on my electric bill.
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+1!!!!!!!!
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thank you so much for this post. I think you were the first person who actually owns one to comment. I myself bought one a few months ago and it has saved me about 20% on my electric bill. In other words, I have paid for the cost of the nest in just a few months.
Maybe goog will lower the price to a more realistic $100.
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I own two fast food chicken shops(chicken hut)..google im waiting for you to make me an offer i can't refuse.
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Just add seemingly "user friendly" tracking of all your customers purchases, with invites to their google plus circles. You too could be a 3billionair.
Coming to a home near you... Chromenest.
A $3.2 billion thermostat.. Wowza
I guess we can kiss that Windows Phone app goodbye now
Why do you say that? Its true Google doesn't want to invest resources in WP with its tiny market share but the app is already designed and more importantly you missed the part about them retaining their existing leadership.
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$3.2B? sheesh. congrats to the founders but damn that seems high!
Google in the home!
Maybe we'll eventually get a Google now card for this :/
_______________________________________________
This message was brought to you by the numbers 0 and 1
"Your house is on fire." Alongside a real time satellite image of your house burning!
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Coming soon to your Nest Protect Fire Alarm: You can skip this ad in 5 seconds.
Getting tired of these retarded comments. No one is forcing any one to use this stuff and I strongly suspect the people complaining aren't even the ones who use nest to begin with.
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Yeah, heaven forbid you ever have to see a comment from someone who hasn't drunk the koolaid.
And heaven forbid anyone question the idiots running around with tinfoil hats on...
It was mostly a joke, but to be honest I just started getting ads in my gmail app, YouTube via chromecast plays an ad almost every other video. It's annoying enough that I've stopped using chromecast for YouTube.
How does Chromecast affect ads on YouTube? It literally takes whatever's playing on your computer/phone/tablet and plays it on your TV. The ads you're seeing are from YouTube; they have no relation to the Chromecast.
That, and Google has demonstrated a very high quality and high fidelity string of acquisitions recently where the promise to leave the subsidy autonomous was kept to an astounding degree.
This doom and gloom stuff every time they take a step to improve services even further is just silly. Not all change is bad, not all change is good. Maybe people should read the details of the agreement and/or see what happens before freaking out.
From reading your posts it sounds like you have drunk plenty yourself.
yea well I hate you too, so f off! LMAO.. Your right, I don't use Nest and never will. Overpriced piece of junk that my current digital thermostat does perfectly fine for $0. LOL
Thermostat: you turned the temp up are you sick?
Me: yes
Thermostat: the closest Walgreens is 1.2 miles would you like directions on your phone ?
3.2 billion seems like they over paid....
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Not when you consider how valuable the data they will collect from these thermostats will be to them. Google will know how you set them, when your zones changes temp so when you move about, They will know when you are out and when you get back in.
"They will know when you are out and when you get back in."
yeah, next thing you know they'll convince us to carry GPS locators all the time!
Wait...
Seriously, those tinfoil hats would be more useful in improving the reception of your cable tv.
you know, I could think of better things to spend 200+ bucks on.
No no...It's $249.
I think that is what the "+" means in $200+...
Knowing Google, they will probably cut the price in half :P
They just paid 3.2bn for it. Gotta get some of that back.
$250 for a thermostat? Seriously? Even the overpriced wireless one I got was 1/3 of that (needed it in a hurry so couldn't wait for a decently priced via internet shopping).
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Seems like I remember you guys just talking about Google needing to buy Nest on a recent podcast... See, wishes can come true! I think this is good news and am excited to see what they will do with this over the next couple years.
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Hopefully UK compatibility for the thermostat is not too far away - I've wanted one for a while now.
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+1
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Eh, that kind of sucks. Let me guess, you have to have a google+ account after that and your efficiency gets posted to your circles? Man, nest just went way down in desirability in my book. I like google for the most part but don't want them in all of my business.
I like how you have literally no idea what Google plans to do with the current nest systems, if anything, yet you've already decided it's a bad thing. Can I borrow your crystal ball braj?
Then don't buy a Nest. They have competitors.
Lol, so a company goes down in desirability for you when Google acquires it? Guess you don't like Android either, then?
I would rather pay Google for home security than Xfinity or AT&T.
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Or you could go with Brinks or one of the other big boys.
At least they won't sneak the NSA into your kitchen (or worse).
"At least they won't sneak the NSA into your kitchen (or worse)."
You actually think Brinks is any more digitally secure or independent than Google? Really?
Yes, because brinks only knows about tripped alarms, not where you are and how many people are there with you all the time.
No, but these systems have the ability to monitor and control many aspects of your home, including thermostat, lights, and your locks.
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And Brinks is just as vulnerable to the NSA as anyone else. Last I looked Google had no way of knowing when I open a door or window. Brinks can.
Assuming you have a Google phone, monitoring your position (through their many forms of GPS) against where they expect walls to be (from their maps data), finding out where you have doors and assuming you have just gone through a door would be easy for them.
Also, if they tracked your path (while carrying your phone) through your house they could probably come up with a pretty accurate floor plan.
I'm not trying to imply they are doing the above things, but you mentioned they can't when they most certainly could if they wanted to pull the data together.
Just out of curiosity, just which companies do you think Google is selling this information to? That's right, Brinks!
One day Google will be a part of every part of our lives.
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whats Nest's revenue??? seems like 3.2bn is bit too much
Their 2013 numbers aren't out yet, but last year they realized $119 million on the thermostat's alone.
So let's assume that increased, and they added a new product in time for Christmas (Smoke / CO detectors), revenue's might reach $400 million this year.
So Google paid roughly 8x the current revenue, but they keep the staff too.
Most importantly, Nest hasn't sold the data they collect with Nest devices - I suspect Google is planning on doing a lot with that data and that was a high value proposition in the acquisition.
More importantly, it gives them a guaranteed partner for their smart home programs.
Seems to me Nest just sold the data. Along with everything else.
The The ARCHOS Smart Home doesn't need to call home with every piece of data.
It seems like a division of data is part of the agreement.
Intellectual property?
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thats my thought really. Yeah, it will give google a good place to start with their automated home stuff but who knows what patent rights these guys got from their crApple buddies.
Skynet moves ever closer to taking over the world
dont talk about our overlords in that manner sir
as long as you don't have to have Google+ to use it... getting fed up with shoving Google+ down my throat.
yet you probably just logged into this site with your facebook account.... cause you know. Thats TOTALLY different.
So sick of hearing this from idiots. They arent shoving it down your throat. They dont put the app on your phone and make you use it. You just have to use THE SAME EMAIL YOU PROBABLY USE ALREADY USE (gmail because i am pretty sure you had to set one up at some point) and say yes, i want a g+ account. i know i know. SUPER DIFFICULT, but take your time, breathe and it will be ok.
Congrats Nest team.
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Super. I want a Nest alarm system, Nest video monitoring and Nest light switches to go with my Nest thermostat and smoke alarms. It is the best connected thermostat by far. These guys are interface geniuses and the home automation market could use a lot of help.
I was thinking they were going this route (connected light switches, outlets, remote thermostats, vents, etc.) but then they released the smoke detectors. Granted, they have temp sensors inside of them but I was hoping for an ecosystem by now.
Where does this all fit in with Android@home? Integration, revival etc... This is going to be interesting, I hope!!
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Somewhere... Hopefully
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Great. I LOVE my NEST thermostat, this is good news I think.
See how you like it when they end-of-life it in 3 years because it doesn't bring in any advertising revenue.
Can't find your way to iMore?
(not actually bashing iMore here, just referencing it because it's an Apple news site)
L.O.L. rude, but lol
I'd be interested to see how this impacts Nest products being sold in Apple stores and on the Apple website.
I wouldn't know, cause you'll neverrrrr find me at an apple store or on their website!
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I think I read today that Nest products have been pulled from Apple stores now.
Wow that is an interesting acquisition but I am excited to see this nonetheless! This is one thing I look forward to buying once I get my own place and out of this apartment. Hopefully we see google integrate into it soon on some fashion.
Trust me, when you get your own place these products will quickly move down your list of things you need or want to have for quite some time.
I'm okay with this. Seems like a good combination and brings some people with good design credentials into Mountain View.
Good design credentials? Really?
Its not about the design, its about the functionality.
But even that is questionable. Learning thermostats have been around for decades. However, apparently the concept that you can't do that without tying it to the internet is somehow worth 3.2 billion.
Or is it that Google just wants to know what's going on in your house.
Nest is a good product, but it is neither revolutionary nor necessary to do what it does via the internet.
"Or is it that Google just wants to know what's going on in your house."
Google can get far more information on what's going on inside your house from your smartphone than it ever could from a Nest thermostat. Put down the tinfoil hat.
Well maybe from YOUR smartphone.
Not everyone takes their phone to bed.
But you take your thermostat to bed? Weirdo...
Yes, its in the bedroom. Its in every room. What kind of a cave do you live in?
Most houses have 1 or 2 thermostats.
Posted from my Nexus 7(2013).
Except in Costa Rica. Here we don't need termostats. Nice weather all year. :)
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Show off!!!
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It does air con too
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And so you charge your smartphone in a separate room at night?
FYI my thermostat is in my living room not in every room
OK so let's pretend Google will know what temp your bedroom is (although it was the agreement not to share info with Google, but let's just pretend).
Sooooo, what's the big deal? I'm really puzzled here because you seem to be very stressed out about nothing... Literally
Agree!!! Joe Schmo down the street has his thermostat set at 68, big frinkin deal!
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Do you even know what a thermostat is? There should not be one in every room. One or two for the entire house. Really only one.
Editor in chief of Futureproff.com
Most homes have at most one per floor. As an architect I can speak pretty authoritatively on that one.
I do! We have a wireless thermostat so that the central heating keeps the room you are in at the right temperature rather than the hallway
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If something is designed well, it will usually function well. Design isn't only the visual.
Plus Google knows more about you than you think. And unless you do a 180°, they already know what you will likely be doing. Its laughable that a thermostat (in its current design) will be a peephole into your personal life. The patents and design that Nest offers are more likely to do with Googles Algorithms and interest in connected homes as a whole.
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Precisely! The connected home is something that is long, long over due!
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+1 to that!! How long has it been since the jetsons?? Really!!! This needs to happen now.
However, wasnt one of the nest guys one of the original people that did something with the iphone? Maybe has patents that were given to him (or at least the rights) and google wants those. Who knows. But i am still ok with google knowing what temp my house is. lol