Given the recent announcements, it’s somewhat obvious IoT will be the next big thing for Samsung. Today the company announced to acquire SmartThings, a US-based “leading open platform for the smart home and the consumer Internet of Things.” Samsung hasn’t disclosed the monetary value involved but according to TechCrunch, it could be in the ballpark of $200 million.
Samsung says despite the acquisition, SmartThings will continue to operate independently where it can take advantage of Samsung’s resources, global reach and even extend support to a variety of smartphones and other devices. The company however, will be a part Samsung Open Innovation Center (OIC) and will be headed by the present founder and CEO Alex Hawkinson from their new headquarters in Palo Alto.
SmartThings sells security kits and home automation products that can be controlled with a mobile app.
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