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iSelect hatches tech plan with Nest

iSelect has signed a multi-year agreement with US tech company Nest Labs to be the exclusive partner for a suite of its connected home devices in Australia.

Nest Labs creates programmable, self-learning, sensor-driven, Wi-Fi-enabled thermostats, smoke detectors and other security systems, and was acquired by Google in 2014 for $US3.2 billion ($4.22 billion).

Its Nest Cam IQ security camera can tell a person from other objects and features a powerful speaker that can scare off intruders. Other software has the ability to recognise individual faces.

The partnership – due to start early next financial year – is expected to strengthen comparator iSelect’s revenue and earnings, and drive product innovation across its core insurance, energy and telco businesses.