Samsung to Buy SmartThings – Dev of Tech for Internet of Things

Posted by at 10:05 am on August 18, 2014

Samsung said it has agreed to purchase a startup called SmartThings. SmartThings, which is based in Washington, develops technology for the Internet of Things.

It sells a home controller device for $99, but has also created an online service to help developers design and create their own internet-enabled and smartphone-controlled gadgets.

The company claims 8,000 apps and 1,000 devices use its platform. SmartThings will move its operations to Palo Alto, Calif., where Samsung has a developer facility, but SmartThings’ CEO Alex Hawkinson said the company will be run independently.

The move is largely seen as a way for Samsung to counter steps made by Google and Apple to expand the functionality of their smartphones and tablets to control household items. Terms of the deal were not disclosed

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email


Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2020 · StreetCorner Media , LLC· All Rights Reserved ·