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Google eyes Dropcam purchase to beef up home security portfolio

Google is said to be eyeing Dropcam for possible acquisition giving itself another way to reach into the homes of consumer's around the world

| Business, Financial & Legal News | Posted: May 27, 2014 12:02 pm

Google has been looking into another acquisition in the home security sector according to reports. Google has been looking at possibly buying Dropcam. Dropcam is a company that sells a $150 camera unit capable of streaming video to smartphones and computers. Dropcam launched in 2009.

 

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Google's last major purchase was of Nest Labs, the makers of smart thermometers and smoke alarms. It's unclear at this time how far the talks progressed or if they are still underway. Google is no stranger to buying firms with tech it wants and certainly has the cash lying around to make a purchase of Dropcam.

 

The deal would get Google one more piece of tech that it could use to make its way into user's homes. So far, Dropcam investors have over $48 million put into the company. Dropcam announced not too long ago that it would be making people-detecting software available in early August.

NEWS SOURCES:Cnet.com

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