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Google’s Nest purchases Dropcam home camera company

Infoworld reports that Google's Nest company has purchased home camera start-up Dropcam for US$555 milllion.

According to the story: Nest said Friday that it was acquiring Dropcam and that the companies would be working together to build new products that add intelligence to the devices in people's homes. The acquisition could allow for new types of communication among the appliances in homes.

Read the full story here.