Five years and a new name later, Ring has come a long way from its “Shark Tank” appearance. The company looks “forward to being a part of the Amazon team as we work toward our vision for safer neighborhoods,” it said in a statement.
With its Amazon Key delivery service, which allows couriers to unlock a customer’s front door with the use of a home security camera, Amazon plans to partner with Ring’s security hardware.
![\"PHOTO:](\"http://a.abcnews.com/images/Business/ring-videodoorbell-ht-mem-180228_1x1_384.jpg\")
Ring
PHOTO: Amazon will buy Ring home security five years after the business failed to land a deal on "Shark Tank," the companies said Tuesday.
Amazon is excited to team up and “help [Ring] in their mission to keep homes safe and secure,” the company said in a statement.
Neither company discussed the deal’s price, but Reuters has reported that it would exceed $1 billion.
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