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Yesterday Google announced that it will invest $450 million into security firm ADT. Remember that Google owns the smart home device business Nest. This collaboration will try to kick start that business which has been a disappointment so far.
ADT is a large operation with a market cap $10bn (after the share price jumped 50% yesterday on this news). More importantly, it has 20 000 technicians who can sell and install Nest products.
Smart home devices have a lot of potential. Thermostats can manage your energy consumption efficiently, cameras and alarms systems look after your house and let you see what is going on remotely. In safer countries this is probably more useful when you have to check if your Amazon delivery is on your doorstep.
Google have put their hands up in this area of tech, this is another step towards achieving scale.
