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Samsung purchases SmartThings for $200 million, plans on keeping it independent

Posted: , by Alan F.

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Samsung purchases SmartThings for $200 million, plans on keeping it independent
Samsung took a big step toward being able to sell its smartphones as the way to control a smart house. The manufacturer purchased SmartThings for $200 million. The company produces devices that can be controlled using apps installed on a smartphone. Imagine controlling the lights and locks in your home by tapping on certain buttons on your phone. You should be able to spook burglars casing your house, by remotely turning on or off the lights inside or outside your home.

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.

"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. Our growing team will remain fully intact and will relocate to a new headquarters in Palo Alto, CA. In short: SmartThings will remain SmartThings."-Alex Hawkinson, CEO, SmartThings

source: SmartThings via AppleInsider

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posted on 15 Aug 2014, 00:53 1

1. 0xFFFF (Posts: 3806; Member since: 16 Apr 2014)

What's the next step? Buying up some of the large US residential development companies?

Soon we will have Samsung Villages... where everything is made by Samsung. Even the local hospital will be Samsung.

Of course, the homeowner rules in Samsung Villages will be very clear. No Apple device or you will get kicked out! :)

posted on 15 Aug 2014, 00:58 6

2. hassoups (Posts: 473; Member since: 06 Jun 2013)

or we could take a just take a chill pill and call it a day...

posted on 15 Aug 2014, 01:34 6

4. galanoth (Posts: 426; Member since: 26 Nov 2011)

"Samsung had no choice but to keep pace"??
Samsung already makes most of the things for a smart house.
I think they're closer than anyone else.

posted on 15 Aug 2014, 03:37

5. techperson211 (Posts: 1280; Member since: 27 Feb 2014)

I think it's about apple's home kit vs smart things. Still Samsung have the upper hand here since they're not just tech company they have a department for appliances as well. With these move by samsung I'm not gonna be surprise if Lg and Sony will follow as these company do make appliances as well. More competition more choices for every consumer.

posted on 15 Aug 2014, 16:30

6. The-Sailor-Man (banned) (Posts: 1095; Member since: 25 Mar 2014)

"Samsung had no choice but to keep pace"??

What are pathetic iBS? LOL
The menial tech media is getting mad. Right?

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