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Samsung Buys SmartThings in Bid to Own the Smart Home

by Todd Haselton | August 15, 2014August 15, 2014 7:00 am PST

smartthings

Just last month rumors surfaced that Samsung was interested in acquiring SmartThings, a home automation company that found its roots on Kickstarter. Now that deal is confirmed and, while neither Samsung nor SmartThings has revealed terms of the purchase, Re/Code says Samsung paid $200 million for the company.

The smart home will surely be one of the next battlefields in tech and is a key component of the “Internet of Things” buzzword you hear so often. SmartThings, for example, makes it easy to control everything in your house from light switches to sensors, speakers and cameras, using your iOS or Android smartphone and an affordable home kit. Samsung could use the technology to help bolster its own products, allowing it to sell a variety of devices that are all already programmed to work together out of the box.

“It has always been our goal to create a totally open smart home Platform that brings together third-party developers, device makers, and consumers,” SmartThings CEO Alex Hawkinson said. “We’re thrilled that Samsung fully supports this vision.” Hawkinson added that working with Samsung should allow SmartThings to add support for even more smartphones and devices and will help the company increase its developer base.

Re/Code said that much of the SmartThings team will be transferred out to Samsung’s Open Innovation Center in Palo Alto.

Re/Code

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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