Amazon Acquires Ring for Over $1 Billion [Report]

Amazon Acquires Ring for Over $1 Billion [Report]

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Amazon has acquired smart doorbell maker Ring in a deal valued at over $1 billion, reports Reuters.

A company spokesperson confirmed the acquisition.

“Ring is committed to our mission to reduce crime in neighborhoods by providing effective yet affordable home security tools to our neighbors that make a positive impact on our homes, our communities, and the world,” a Ring spokesperson said in a statement. “We’ll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon. We look forward to being a part of the Amazon team as we work toward our vision for safer neighborhoods.”

“Ring’s home security products and services have delighted customers since day one,” an Amazon spokesperson said in a statement. “We’re excited to work with this talented team and help them in their mission to keep homes safe and secure.”

Amazon Acquires Ring for Over $1 Billion [Report]

Ring is best known for its Video Doorbell of which there are now four versions. The company also makes security cameras and has introduced a home security system.

Notably, Ring has taken to Twitter to assure Apple users that HomeKit support is still coming and should arrive this year.

Amazon Acquires Ring for Over $1 Billion [Report]

Check out some of Ring's products below...

Ring Doorbell
Ring Doorbell Pro
Ring Doorbell 2
Ring Floodlight Cam
Ring Spotlight Cam
Ring Stick Up Cam

[via GeekWire]

Al - March 1, 2018 at 3:37pm
Yay, my ring doorbell might work properly soon now.
4 leaf clover - March 1, 2018 at 6:37am
They will soon try buy the the giant sun uranus
Reader - March 1, 2018 at 12:46am
Eventualy the big company will buy the competition
Tech Jedi - February 28, 2018 at 11:23am
Actually I think Ring will now have Amazon’s financial backing and will improve with the acquisition.
SayingWhatEveryonesThinking - February 28, 2018 at 6:59am
I was debating Ring or Nest, and thought the Ring pricing model beat Nest even though Nest quality is better. Now I’m having second thoughts. I’m not buying tech with Amazon’s logo on it.
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