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Samsung acquires ‘Internet of Things’ startup SmartThings for $200 million


Samsung has just announced that Samsung Electronics has acquired an ‘Internet of Things’ technology start-up SmartThings, reportedly for $200 million. The so-called SmartThings used to build and sells various home automation kits for the customers.samsung-smartthings

SmartThings sell automation kits that come with motion sensors and also with moisture sensors; these sensors used to send all information to a central hub. Users can monitor their home via the central hub, which is installed in their home. Also, they can control and monitor the various sensors right from their smartphones itself.

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Alex Hawkinson, Founder, CEO of SmartThings said in a statement:

We believe that there is an enormous opportunity to leverage Samsung’s global scale to help us realize our long-term vision. 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.

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SmartThings has planned to move their headquarters from Georgetown to Palo Alto, California. Alex Hawkinson, chief executive announced on its blog that SmartThings will operate independently within the Open Innovation Center of Samsung, which is specially dedicated for new researches.

At the same time, Samsung is making its efforts in smart home technology and it has announced partnership with several competitors that includes Nest Labs too. The main aim of them is to create approximately, more than 250 devices with low-power networks powered with Internet cloud services.

David Eun, Samsung’s head of OIC head stated:

 “SmartThings has created a remarkable universe of partners and developers and now has the most engagement of any smart home platform in the world… Connected devices have long been strategically important to Samsung, and, like Alex and his team, 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.”

Alex Hawkinson said that SmartThings can attract the more device makers and also it will make countless consumer internet things from its side and finally he ended by saying “SmartThings will remain SmartThings”.

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About John W Arthur

john@thenextdigit.com'
John is the head of our IT Security team and he writes about Security, IT news on The Next Digit. He was the Employee of the Year 2013 for his selfless support and efficiently setting up the whole security infrastructure. He also occasionally writes on "IT Sec Pro" Print Media of Sweden. All posts by John

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