iOS Connected Home Automation Company Acquired By Samsung
Last month, there was rumors suggesting that Samsung was interested in acquiring home automation firm SmartThings. Today, the two companies have made things official. SmartThings CEO and founder Alex Hawkinson acknowledged the deal, and said that the firm would continue to act as an independent company under Samsung’s Open Innovation Center group.
Some SmartThings home automation products.
Here is more from Hawkinson:
“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.
Essentially, things won’t be too different for the firm. For those who don’t know, SmartThings develops motion sensors, light switches and power plugs that can be controlled via your iOS or Android smartphone using an app. While financial details have not been disclosed, reports suggest the price was around $200 million.
Apple is building its own HomeKit based hardware, and may face some competition in the home automation market by Samsung.
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