Samsung acquires home automation startup

Samsung buys SmartThings in deal reported to be worth $200 million

Tags: Mergers and acquisitionsSamsung CorporationSmart home
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Samsung acquires home automation startup SmartThings says it has over 5,000 developers creating apps for its open platform.
By  Mark Sutton Published  August 16, 2014

Samsung has acquired SmartThings, a startup focused on home automation.

SmartThings, which was founded in 2012, produces apps to synchronise connected devices and gadgets to control them from a single hub.

The value of the deal was not disclosed, although start up website TechCrunch claimed that Samsung paid $200 million for the company.

SmartThings will operate as an independent company, which will be run from Samsung's Open Innovation Center in Palo Alto.

The SmartThings apps are designed to control a wide range of connected devices, such as lighting, thermostats, burglar alarms and so on. The company says it has a community of 5,000 developers building devices that connect to its open platform.

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