SmartThings acquired by Samsung, aims to create ‘a totally open smart home platform’

Ian Hardy

August 15, 2014 7:02am

SmartThings, an Internet of Things company, has just been acquired by Samsung.

The deal was rumoured back in July and Alex Hawkinson, CEO and Founder, stated, “I’m excited to announce that SmartThings has been acquired by Samsung and will operate as an independent company within Samsung’s Open Innovation Center group….It has always been our goal to create a totally open smart home platform that brings together third-party developers, device makers, and consumers. We’re thrilled that Samsung fully supports this vision.”

SmartThings started its quest for a connected home on Kickstarter back in September of 2012. To date, the company has raised over $15.5 million, but Samsung reportedly spent $200 million in the acquisition.

SmartThings offers a number of IoT-based products that allow users to control and protect their homes with a smartphone: sensors to alert you when there is movement in the home’ turning on and off the lights; and energy-monitoring solutions.

“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, “said Hawkinson.

Apple recently unveiled its plans for the connected home with HomeKit, while Google recently purchased Nest, which manufactures the Learning Thermostat and Protect Smoke Detector, for $3 billion.

Source: SmartThings
Via: TechCrunch

  • Sensualpoet

    Bravo for openness … but Samsung, King of the Bloatware on Android, has a bit of a reputation to overcome. I like their devices but hate the embedded apps that are sometimes too mysterious to figure out and impossible to remove. So if they get it right this time … bravo! But holding the applause for the moment.

  • Mich

    Almost sunk some cash into smartthings stuff, held off in the event the talk was true. Thank god.

  • It’s Me

    Between this, tizen and samsungs attempts to be an alternative to google play, google isn’t going to be too happy.

    I think google holds the leash right now but Samsung has a habit of dominating markets at all costs.