Samsung purchases SmartThings for $200 million, plans on keeping it independent
Samsung plans on keeping SmartThings open, thus allowing developers and producers of hardware to write software, and produce devices for the platform. Samsung rival Apple will also be offering a similar technology for a connected home with the launch of HomeKit. The latter will be featured on iOS 8, and will allow iPhone users to turn on or off smart home devices using their handset. With HomeKit on the way with the release of iOS 8 in October, Samsung had no choice but to keep pace.
Back in July, we told you about a rumor that SmartThings might have been acquired by Samsung for $200 million. Now, it seems that both sides have agreed to the deal. Samsung plans on keeping SmartThings independent, which explains why it will remain an open platform. And the more connected people's homes become to their handsets, the more smartphones will be in demand.
source: SmartThings via AppleInsider