Google's Nest Buys Home Video Monitoring Vendor Dropcam
The Dropcam purchase by Nest Labs follows a string of other acquisitions by Google in the last few months. Earlier this month, Google announced the acquisition of satellite and satellite imaging vendor Skybox Imaging for $500 million. The Skybox deal will help keep Google Maps accurate with up-to-date imagery, while also contributing to other Google projects. Founded in 2009, Skybox Imaging builds satellites and software in the pursuit of scalable computing and analytics to help find answers to the world's most important geo-spatial problems regardless of data source, according to the company. In May 2014, Google bought mobile device management vendor Divide for an undisclosed price to help bolster and increase enterprise use of its Android-powered mobile devices in workplaces by offering increased security and compliance controls for businesses. Also in May, Google announced the purchase of Stackdriver, a Boston-based company that was started in 2012 to provide cloud application monitoring and data visualization services to users. On the same day, Google acquired Appetas, which helps restaurants build, maintain, promote and grow specialized Websites that serve the needs of the food industry. Google is shuttering Appetas as part of the purchase. On May 6, Google acquired Adometry, a marketing and advertising optimization company that uses software-as-a-service (SaaS)-based advanced analytics to process and analyze tens of billions of impressions and advertising transactions per month to identify what consumers are buying.Project Loon uses a series of high-altitude balloons to build a high-speed Internet network that could be used to bring affordable Internet service to far-flung locations around the world for the first time, according to Google. The experiment is being touted as a high-tech way to create Internet connections for two-thirds of the people in the world who currently don't have Internet access due to high costs and the difficulty of stringing connections in rural and far-flung parts of the world.
In April 2014, Google announced that it was getting into the high-altitude drone business with its purchase of Titan Aerospace in a move that is closely linked to Google's Project Loon efforts, which use high-altitude balloons to build a high-speed Internet network. High-altitude Internet networks have been on Google's radar since the company launched its Project Loon experiments in 2013, according to an eWEEK report.