If you’re familiar with smart home devices, you’ve probably seen or heard about Ring. They make a few cameras and WiFi connected doorbells, positioning the gadgets as smart security devices to protect and monitor your home.
That line of product has come into close competition with the likes of Google and Amazon lately, so naturally, this story ends with Ring being acquired. Amazon has announced that they’ll be purchasing the smart gadget maker for more than $1 billion.
Sometimes these acquisitions are bad news for fans of the products, but with Amazon buyouts you tend to see the services and manufacturers still operate independently of Amazon.com, and Ring shouldn’t be any different. You’ll still see Ring products on shelves, and Ring will continue to develop and make its own products. However, you’re probably going to see some overlap and integration with Ring and Amazon’s Cloud Camera and Key products.
If you thought that the connected home thing was just a fad, it should be pretty clear that big tech companies are taking it completely seriously and throwing a ton of money at it. This isn’t the first high-profile acquisition we’ve seen, and it definitely won’t be the last.
via: The Verge