Tuesday, February 27, 2018

IoT: Amazon += Ring

Amazon to acquire Ring video doorbell maker, cracking open the door in home security market – GeekWire

Ring’s Skill for Alexa Enables Customers to See Who’s at the Front Door with Echo Show - YouTube

Amazon buys Ring, a former 'Shark Tank' reject
"Amazon agreed to buy Ring, a company that makes smart doorbells, according to representatives of both companies. "Ring's home security products and services have delighted customers since day one. We're excited to work with this talented team," an Amazon spokesperson told..."

Amazon to Buy Smart Doorbell Maker Ring for $1 Billion - TheStreet

"For Amazon, the deal is one of its largest ever. It acquired Zappos.com in 2009 for almost $1 billion and of course, in 2017, acquired Whole Foods Market Inc. for $13.7 billion. In August 2014, Amazon shelled out $970 million for Twitch, one of the largest streaming platforms for gamers."

Why Ring needed to sell and why Amazon bought it | Stacey on IoT | Internet of Things news and analysis

"Last year a source in the industry told me that pretty much every company in the consumer IoT space was for sale. The challenge in figuring out which ones to buy boiled down to their technical specs or their success so far in the consumer market. 

With the Ring buy coming so soon after Amazon purchased Blink, which also has a connected camera and doorbell, Amazon has doubled down on home security, buying a technical advantage in Blink and a market advantage in Ring."