Google's $450M Investment in ADT Accelerates IoT Security Adoption

Google’s Nest IoT smart home devices will be sold by ADT as part of the deal.

In August, Google announced that they had invested $450 million in ADT. The security firm will use these funds to increase the adoption of IoT devices. While security issues associated with IoT often appear in headlines, secure devices that rely on IoT can significantly increase building safety.

A Mutually-Beneficial Partnership

“We’re excited to partner with ADT to further our mission of building helpful devices for the home,” says Rishi Chandra, GM and Vice President of Nest. “ADT is a leader in smart home security. I look forward to working with the team to create innovative smart home security solutions that help everyone feel safe and protected.

“Google’s partnership and financial investment in ADT underscores the depth of our joint commitment to the smart home and security markets,” Chandra says.

“We are thrilled to partner with Google to provide the smart home market with a strong, differentiated product and service offering that integrates the best technology, hardware, and smart home security expertise from our two brands,” says Jim DeVries, President and CEO of ADT.

Empowering Homeowners with IoT-supported Security Tools

The home security devices include cameras, thermostats, and displays. Google said that its Nest product:

• Improves event detection
• Instantly alerts customers to events and status reports
• Reduces false alarms

ADT will sell and install Google’s Nest smart home devices to homeowners and small business owners starting later this year. Both companies look forward to defining the future of smart home security through a productive, long-term relationship.

See also:IoT Market to Surpass $1 Trillion in Value by 2026