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"Home surveillance startup Dropcam has been purchased by Google's Nest reports Re/Code. Nest, which was recently acquired by Google, will pay $555 million in cash for the company.\r\n\r\nThe Dropcam name and products will be part of the Nest brand and the acquisition took place outside of Google. In other words, Nest bought Dropcam, not Google. But of course Google owns Nest.\r\n\r\nIn a blog post about the acquisition, Nest Founder, Matt Rogers\u00A0wrote\u00A0the following:\r\nOnce the deal closes, we\u2019ll incorporate Dropcam into how we do business at Nest. That includes how we handle everything from customer support to customer privacy. Like Nest customer data, Dropcam will come under Nest\u2019s privacy policy, which explains that data won\u2019t be shared with anyone (including Google) without a customer\u2019s permission. Nest has a paid-for business model and ads are not part of our strategy. In acquiring Dropcam, we\u2019ll apply that same policy to Dropcam too.\r\nNest was purchased by Google for $3.2 billion. The deal was finalized back in\u00A0February. That was Google's big play to get into the connected home.\u00A0Now with Dropcam, the company is expanding that play."^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/gadgets/2014/06/21/dropcam-acquired-googles-nest-will-folded-nest-brand/>