The technology giant, Google, acquires the company Nest that creates digital fire and thermostat solutions for future homes for $3.2 billion. The best part about this was that the founders, Tony Fadell and Matt Rogers get to keep their jobs at Nest.
The designers Matt Rogers and Tony Fadell both worked closely with Steve Jobs in the development of the iPod and iPhone devices and left Apple in 2008 to start the company Nest. Since then the company has hugely grown by designing and manufacturing sensor-driven, self-learning, programmable, Wi-Fi-enabled smoke detectors and thermostats.
Google has previously invested billions in renewable energy and companies developing infrastructure for future solutions in areas such as solar technology and power grid that supplies energy from offshore wind turbines to the U.S. mainland.
On January 13, 2014 Google went out and announced that they had plans to acquire the company Nest, and the next day on January 14, the acquisition was complete for a sum of $3.2 billion.
ALSO READ: Simple ideas that made billions of dollars.
Google is behind the Android operating system for smart phones and is now being complemented with a staff that has an eye for design.
Bloomberg writes that the acquisition brings new and useful skills and talents to Google that can develop design and solutions to new products.
According to Ben Schachter, an analyst at Macquarie Securities, Google has always succeeded in technology in a number of areas, including Android and Search, but historically speaking they have been weak when it comes to design.
Companies like google will buy anything that has some kind of connection to the internet, even if it’s a smoke detector or a thermostat. Go out for a walk by yourself and think of something that is already made and how you can connect it to the internet in some way, where users have to register and login in order to use your product.