FINANCE

Amazon acquires smart-home start-up

BY Marianne Wilson

Amazon is expanding in the connected home devices space.

The online giant has acquired Blink, a start-up specializing in wireless video home security cameras and monitoring systems. Launched in early 2016, Blink also makes video doorbells that allow homeowners to view a live feed (via their smartphones) of who is at their door.

The terms of the deal were not disclosed. Blink’s products are compatible with Amazon’s smart home line, Echo.

“If you own one of our systems, nothing changes for now,” Blink said on its website. “We’ll continue to operate under the Amazon umbrella selling and supporting the same great products you know and love.”

The acquisition comes as Google has been beefing up its own line of connected home devices offerings.

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