CEO smart thermostat maker Nest Road

CEO smart thermostat maker Nest Road

Tech June 3, 2016 21:30

- Tony Fadell, CEO and co-founder of smart thermostat maker Nest at Google, has resigned Friday.

According to Fadell, the company that connects next thermostats online security cameras and smoke detectors, ready for the next phase of growth. He will remain as an advisor, announced parent company Google, Alphabet. Fadell will be succeeded by Marwan Fadaz.

Around Nest were worries longer. The parent company has invested in recent years tens of billions in the expansion of its portfolio. The company in 2014 was bought for $ 3.2 billion. Nbsp;
  
    
     
      
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Alphabet had Nest in the acquisition pledged to jump in a year for half a billion. Thus the ambitions of the company could be quickly realized. Nest had a revenue goal of $ 300 million per year with.

This year, that goal will be met, but there was only necessary for a new acquisition. Dropcam, the company Nest Cam has developed cost another $ 555 million.

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