(Web Design in Camobdia, Digital Marketing Agency, restartbox.com)- South Korean electronics maker Samsung is reportedly set to acquire SmartThings, a startup that lets people use a mobile app to control connected devices such as thermostats, Internet-connected burglar alarms, televisions and light switches.
This move comes as fellow technology heavyweights Apple Inc. and Google Inc. are exploring ways to integrate connected household gadgets, a trend commonly known as “Internet of Things.”
The financial term between Samsung and SmartThings, though, has yet been revealed despite reports saying it is in excess of $200 million.
Founded in 2012, SmartThings has some 5,000 developers building devices that connect to its open platform to date and will continue to operate independently.
Samsung to Acquire SmartThings, Household Gadget Startup
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