Home automation plays Echelon, Control4 skyrocket following Google/Nest

Home automation hardware/software vendors Echelon (ELON +38.3%) and Control4 (CTRL +18.8%) are blasting off in response to Google's $3.2B acquisition of intelligent thermostat/smoke alarm maker Nest.

A smart wager or irrational exuberance? Investors appear to be betting Google's move will spark broader M&A activity in the home automation space, as tech giants strive to build end-to-end platforms for connected homes. A year ago, Microsoft bought home automation/media-sharing software firm R2 Studios.

Cowen observes Control4 has formed a partnership with Nest that allows the former's apps and remotes to control the latter's hardware.

Robotics plays received a similar boost last month after Google bought defense robot maker Boston Dynamics.

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Comments (2)
  • Hubert Biagi
    , contributor
    Comments (896) | Send Message
    The Nest thermostat is a gimmick for people who can't program anything, including a thermostat, and want a comforting, artsy display. For $250, it doesn't even accept remote sensors, as far as I can see. That is key to maintaining proper temperature throughout the house. Another key issue is calculating heating/cooling load requirements; modifying set points based on outside temp, because the delta between the outside and inside temps affects comfort and efficiency. I've read you enter your zip code and Nest uses the internet to determine outside temps, but then you must have internet. I haven't seen anything here that a good $100 programmable thermostat can't do. Except talk to your phone, lol.
    14 Jan 2014, 10:35 AM Reply Like
  • generalpro
    , contributor
    Comment (1) | Send Message
    google just wants it for the data.. so they know how warm or cold it is in your house at any given moment, so then they can tailor an ad campaign..
    16 Jan 2014, 03:26 PM Reply Like
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