Nest Thermostat Company sold for 3.2 Billion cash

I was very surprised at the price paid for Nest and eventhough Tony Fadell who designed the IPod is behind Nest it still seems like a hefty price. Google are betting on stealing the march on the “Internet of Things” and beating other companies to a niche but potential huge area which is the connected home.

Nest have ambitions to make the Smart Home/Connected Home a reality and learn through  anonymised  data what we do when we are not online. The GPS function in the Nest Thermostat etc can tell alot.

This must be good news for irish companies such as climote and our undergraduates students studying Smart Energy Systems in LIT.

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