January 14, 2014

The Nest Labs founders Tony Fadell and Matt Rogers (Image courtesy Nest Labs. All rights reserved)

Google has announced that it has acquired Nest Labs, a company that operates in the field of home automation, offering products such as thermostats and smoke detectors controllable via the Internet, for $3.2 billion in cash. According to the press release, the company will continue to operate under the direction of its co-founder Tony Fadell, who a few years ago was one of the creators of the iPod when he worked for Apple.