Why Google paid $3.2B for a thermostat company


Google is moving into your home. On Monday, the Internet company said it was acquiring Nest, a maker of smart smoke alarms and thermostats, in a move that gives Google a strong foothold in a hot new market known as the “connected home.”

The idea behind the connected home is to connect heating systems, lighting systems and appliances such as refrigerators to the Internet so that they can be made more efficient and controlled from afar. In the process, companies can collect more data about people’s habits, something Google loves.

Read more: Why Google paid $3.2B for a thermostat company

Story added 14. January 2014, content source with full text you can find at link above.