Amazon Buys Ring, Maker of Smart Home Products

Amazon has acquired Ring, a maker of internet-connected doorbells and cameras, as it pushes further into the smart home market.

The companies did not disclose a deal price.

Ring is best known for a doorbell with a security camera inside, which allows homeowners to monitor visitors at their front door through an app on their phone, even if they’re not at home. Amazon has made home automation a major focus because of the success of its Echo family of products, which allow users to control thermostats, surveillance cameras and other connected devices using voice commands.

“Ring’s home security products and services have delighted customers since day one,” Amazon 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.”

Ring 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.”

Content originally published on https://www.nytimes.com/2018/02/27/business/dealbook/amazon-buys-ring.html by NICK WINGFIELD