Here we were just talking about Blink and already there is something new to discuss. Blink has announced via their website's blog that Amazon has acquired their Massachusetts-based company in an attempt to expand on the already towering portfolio of products that Amazon has to offer internally.
"We're excited to announce that Blink has been acquired by Amazon! We'll continue to operate under the Amazon umbrella selling and supporting the same great products you know and love".
Blink on Friday put out word that online retail goliath Amazon has bought the start-up specialising in wireless home security cameras.
"Since launching in early 2016, we've been thrilled by your response to our ultra-affordable, truly wire-free video home security cameras and monitoring systems", the announcement read.
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Though the financial terms of this acquisition wasn't revealed.
Blink first introduced security cameras in 2016, which can be setup easily and are battery operated. With the ever growing popularity of the smart home and IoT, it was only a matter of time before Amazon made the move. But the internet of things came along and quickly pushed prices to $179 for an entry-level Wi-Fi video doorbell from Ring, $229 for a Nest Hello, on up to $499 for devices like the Ring Elite. The company stretched its connected lineup for homes back this year with its Cloud Cam, which is a security camera that has from then has become a fundamental part of Amazon Key; a connected lock that allows the delivery workers of Amazon enter homes for dropping by ordered packages when the homeowner is out. This acquisition only seen success due to the constant support of consumers and they want to thank each one of them.
No other further information was provided by the Company apart from all these.