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Samsung acquires internet of things outfit Smartthings

Will remain an independent company
Fri Aug 15 2014, 10:16
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SAMSUNG HAS BOUGHT an internet of things (IoT) company called Smartthings, and will use it to bolster its smart home plans.

The deal, with so far undisclosed terms, has been confirmed by the target company, which is pleased to be the subject of Samsung's attention and glad to be part of its innovative home plans.

"Today is a big day for Smartthings. I'm excited to announce that Smartthings has been acquired by Samsung and will operate as an independent company within Samsung's Open Innovation Center group," said Smartthings CEO Alex Hawkinson in a blog post.

"It has always been our goal to create a totally open smart home platform that brings together third-party developers, device makers, and consumers. We're thrilled that Samsung fully supports this vision."

Smartthings, which provides a smartphone app that users can employ to control features and functions around the house, will run as an independent entity within Samsung, and will continue to support its existing customer base.

"We will continue to run Smartthings the way we always have: by embracing our community of customers, developers, and device makers and championing the creation of the leading open platform for the smart home," he added.

"While we will remain operationally independent, joining forces with Samsung will enable us to support all of the leading smartphone vendors, devices, and applications; expand our base of developers and enhance the tools and programs that they rely on; and help many more people around the world easily control and monitor their homes using Smartthings."

Samsung is making a number of concerted internet of things, smart devices moves, and recently announced its Smart Home plans. It, like Google with its acquisition of Nest, is taking home automation very seriously. µ


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