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Latest News About Tech Companies

Google Acquires Android game console company Green Throttle Games

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Is Google planning to join the game console market with the recent acquisition of Green Throttle Games? Although no investors have any clue about Google’s intention, what the new acquisition could possibly mean except that Google is trying to gain a right over the machinery or labour power of the company? The search engine company believes in product diversification.

Many investors have already seen it, therefore after taking all possibilities into consideration, it appears like Google is after some kind of technical expertise that Green Throttle seems to have possessed. Is it true?
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Google Confirms Artificial Intelligence DeepMind Acquisition

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Google has made another remarkable movement with its recent acquisition of DeepMind, a UK based artificial intelligence start up. Although Google doesn’t want to make any comment on the final purchase price, according to the insiders, the deal was finalized for $400 million.

One of the company’s spokesperson recently said that Google wants to enter the world of artificial intelligence and aims at improving search engine ranking using DeepMind’s expertise. DeepMind is a fairly new company established by neuroscientist Dennis Hassabis in the year 2012. According to the sources, the company had been able to raise a sum of $50 million with just 50 people as official staff by its side.
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Google’s Third Attempt on The Smart Home Industry

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Google (NASDAQ:GOOG) has recently acquired Nest Labs, a professional company that specializes in smart smoke detectors and thermostats, and this action can be extremely confusing for Google fans. In the end, why wouldn’t it be if you think about the fact that the software giant that initially launched itself as a search engine spends over $3 billion on a company that is totally unrelated to its field of activity? The answer is very simple: Google is so versatile that it plans to launch (or re-launch, better said) itself in the smart home industry as well, not to mention that it is already considered the world’s number one innovator at the moment.

Nevertheless, acquiring Nest Labs is certainly not Google’s first attempt to become popular in the smart home industry – the company has tried that a couple of times before and unfortunately it has failed every time. This is yet another attempt that shows Google’s genuine intentions of becoming a leader in the tech market industry as well.
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Who are the Biggest Winners from Nest’s Acquisition by Google?

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Business analysts agree that Google’s (NASDAQ:GOOG) decision to acquire Nest is one of the best strategic moves in the industry so far. The search engine is on the lookout for innovative companies that will help it to remain competitive as web advertisement bring in less revenue. This is attributed to the shift to handheld devices from PCs. A significant portion of the company’s revenue is obtained from ad revenues and Google is simply trying to diversify. The company is now considered to be the leading innovator in the industry after taking over from Apple. Google has invested in innovations and it is identifying innovative firms such as Nest to attain its objectives.

Google purchased Nest for $3.2 billion and this is great news for companies, which had invested in the tech firm. Nest is a startup and some of its investors including Shasta Ventures and Kleiner Perkins Caufield Byers will get significant returns on their investors. According to various sources, Kleiner had put in about $20 million in Nest and the company is expected to make nearly 20 times more from this investment after Google’s takeover. Sources suggest that Kleiner will get about $400 from the Google-Nest deal. On the other hand, Shasta Ventures had put in $250 million into the startup and it is expected to get about $200 million from the deal. Nest was just one of the startups in the tech industry but it is now a significant player after Google’s acquired it.
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Impermium Is Google’s Latest Acquisition

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Google (NASDAQ:GOOG) is known to have spend a great deal of money on buying start-up businesses (one of the latest purchases being the Nest company that specializes in smart smoke thermostats and alarms for little over $3 billion), and the latest acquisition is about Impermium, a security company that was recently purchased by the Google giant.

In a nutshell, Impermium specializes in countering spam and abuse, and although Google is already extremely good at that, it seems like the giant is always looking for newer and more ways to prevent spam, fraud and Web above – once again, this shows just how committed Google is to providing top-notch services to its users, and this is perfectly understandable given the fact that Google is the most popular search engine in the entire world, and that the company is constantly expanding its expertise across different industries.
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Google acquires smart thermostats company for $3.2 billion

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In an e-mail to its employees followed up with a press release, Google (NASDAQ:GOOG) has just announced that it has agreed to acquire Nest, a maker of connected devices, for $3.2 billion in cash — which is almost double from what Google paid to acquire Youtube.

The mission of Nest is to reinvent unglamorous but necessary devices for the home such as smoke alarms and thermostats. The Nest Learning Thermostat has been a best seller since it was launched in 2011 and the Protect (Smoke + CO Alarm) has recently been launched to high praise from reviewers. Nest will operate under the leadership of founder Tony Fadell and retain its unique brand identity.
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Google Acquires Bitspin: A Comprehensive Analysis

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Bitspin announced over the weekend that the company is acquired by Google Inc (NASDAQ:GOOG). The announcement on Bitspin’s website assured users of Timely, its widely popular app that the app will continue to function as usual.

This takeover by Google did not surprise many industry analysts. This is because Google has been acquiring companies that are of strategic value to its Android operating system for the last couple of years. Bitspin is just the latest acquisition.
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