Amazon has agreed to purchase Ring, a maker of internet-connected doorbells and security cameras, as it accelerates its Alexa-powered push into the “smart home”. Amazon is paying around $1 billion (€800 million) for Ring, according to a person with knowledge of the deal, making it one of the Seattle-based company’s largest acquisitions. “Ring’s home security products and services have delighted customers since day one,” said Amazon. The Santa Monica-based company has more than 1,000 employees and more than 1 million customers, which it calls “neighbours”, spread over more than 100 countries. “We’ll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon.

Source: The Irish Times February 28, 2018 12:11 UTC