Samsung to Acquire M2M Platform, SmartThings
Published on: 14th Aug 2014
Samsung Electronics announced that it has entered into an agreement to acquire the M2M developer, SmartThings for an undisclosed amount.
The company will continue to operate independently under founder and CEO Alex Hawkinson, and will become part of the Samsung Open Innovation Center (OIC), which is responsible for bringing software and services innovation to Samsung Electronics.
SmartThings will move its headquarters from Washington, DC to Palo Alto, California.
Founded in 2012, SmartThings gives people power to monitor, control, and automate their homes from wherever they are through a single mobile app. SmartThings' open platform supports more than 1,000 devices and 8,000 apps created by its community of device makers, inventors, and developers.
"As an open, standards-agnostic platform for the Internet of Things, our vision has always been to innovate, build, and make the world smarter, together," said Alex Hawkinson. "With Samsung behind us, we will be able to attract more device makers and developers to unlock the limitless possibilities of the consumer Internet of Things. We are thrilled to become part of the Samsung family and continue our goal in making every home a smart home."