Samsung has acquired SmartThings, an Internet of Things company to kick-start its hardware plans it may currently have.
SmartThings will continue to act as an independent company working under Samsung’s Open Innovation Center Group in Palo Alto.
SmartThings CEO Alex Hawkinson will continue to run the company and in a post stated, “We believe that there is an enormous opportunity to leverage Samsung’s global scale to help us realize our long-term vision.”
The Internet Of Things company currently sells motion sensors, a plug in power control unit, a hub and other pieces of hardware to control and monitor your home via an app.
Unlike other connected home devices, SmartThings has an open platform so developers can create apps to control the company’s gear.
Recode reports that Samsung paid $200 million for the company.
Source: TNW
