Samsung’s ‘Sensible Residence’ goals get greater with $200 million SmartThings purchase

Samsung's 'Smart Home' dreams get bigger with $200 million SmartThings buy

Rely Samsung in — it is formally buying residence automation startup SmartThings, a transfer that ought to assist it sustain with the Joneses, aka Apple and Google. TechCrunch has sources confirming a $200 million pricetag, matching the quantity it heard final month when rumors of the deal leaked out. In a weblog publish, SmartThings CEO Alex Hawkinson stated the staff would proceed to be run independently, however that it is shifting residence base to Palo Alto, the place Samsung has considered one of its Innovation Facilities. He says Samsung is able to get behind its imaginative and prescient of an open sensible residence platform that works for third social gathering devs in addition to totally different hardware producers, and already has help from some eight,000 apps. SmartThings has gone from Kickstarter to enjoying with the large boys, now we’ll see if its Hub system and broad-open technique can get your doorknob, range, drapes and lightbulb all on the identical web page.

The subsequent huge factor is already right here: @SmartThings, @Samsung, and the Open Platform: http://t.co/94ZNhfIos8

– SmartThings (@smartthings) August 14, 2014

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