Samsung moves IoT into the home with big buy
Samsung has agreed to acquire SmartThings, a firm developing software-based platforms which bring the internet of things into the home.
Samsung could pay a reported $200m for California-based SmartThings which develops software to monitor, control, and automate their homes from wherever they are through a single mobile app.
The company will continue to operate independently under founder and CEO Alex Hawkinson, and will become part of the Samsung Open Innovation Center (OIC).
Founded in 2012, SmartThings’ open platform already supports more than 1,000 devices and 8,000 apps created by its community of device makers, inventors, and developers.
Tags: iot, Samsung
“SmartThings has created a remarkable universe of partners and developers and now has the most engagement of any smart home platform in the world,” said David Eun, head of the OIC. “Connected devices have long been strategically important to Samsung and we want to improve the convenience and services in people’s lives by giving their devices and appliances a voice so they can interact more easily with them.”