Nest acquisition Revolv does a 180
Details of the deal are murky, but Revolv made one thing clear: It will no longer sell the multi-device hubs its been known for, though it will continue to provide service and support for existing customers.
Instead of developing its own products, Revolv will turn its attention to the Works With Nest program. In addition to Nest’s own product line -- which includes smart thermostats, carbon monoxide, smoke detectors, and Dropcam video monitors -- Nest is working with other developers to make their products cross-compatible. In that context, Revolv was chosen for its team, with expertise in connecting devices across many different communications protocols, rather than its product.
At the same time Nest unveiled the acquisition, it also announced five new partners joining the Works With Nest program, including the Pebble smartwatch.
Nest bought Dropcam for $555 million in May, and was itself was bought by Google earlier this year for $3 billion, though it continues to operate independently. Nest has promised that Revolv customers’ data, like Nest data, will remain separate from Google.
Though Google already has facilities in Boulder, The Verge reports that the Revolv team will stay in town but move to a new Nest office.