The Internet was in a bit of a frenzy last night as Google announced that they acquired Nest for a cool $3.2 billion. Everybody from technology web sites like TechCrunch or The Register to general media like the BBC and The Guardian had something to say about it and analysis to offer. The original press release doesn’t say much so everything beyond this is speculation.
At EnergyDeck, we have a team composed of former employees of Google and Opower among others, working on an innovative web-based solution for energy management in buildings. So it goes without saying that we’re rather excited about the news. However, I’d like to take a step back and look at the acquisition and potential implications for users from a pure data and technology standpoint.