Amazon acquires Ring to bolster its home security products

Source: TheVerge.com

Reuters reports that Amazon has agreed to a +$1 billion deal to acquire smart home company Ring. Best known for selling its connected doorbells, security cameras, and floodlights, Ring will add to Amazon’s own line of smart home solutions including the Amazon Cloud Cam and Amazon Key.

This is Amazon’s second smart home acquisition in three months; last December, the company acquired Blink, another smart doorbell company.