(MENAFN) Google-owned Nest announced acquiring Revolv, smart home hub startup company, as another step into a domination of the smart home industry, Xinhua reported.
According to media reports, after the acquisition, the Revolv team will work on the open API program of Nest called Works with Nest, which is best known for its "learning thermostat" home device.
This is Nest's second acquisition since Google acquired the Palo Alto-based company in January for USD3.2 billion. In June, Nest purchased cloud-based home security camera maker Dropcam for USD555 million.
"It isn't about turning Works with Nest into a business. It's about building the platform so other people can build their businesses on it. We'll sell more Nest products into a richer ecosystem," Nest co-founder said.
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