You may remember that we announced the release of SmartThings on Kickstarter some time ago, well since then the company has grown up somewhat, so much so that it was today announced that Samsung are looking to acquire the company.
The smart home open platform was created to design new types of connected devices and apps that can talk to each other in the cloud and provide the user with new ways of doing things in the home. SmartThings hopes to expand this further after the Samsung acquisition has been completed, stating the following in their press statement:
“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.”
Once the deal has been completed the company will continue to operate independently under its founder and CEO, Alex Hawkinson. It will also become a part of Samsung’s Open Innovation Center (or OIC for short), which is Samsung’s department for bringing new software and services to Samsung Electronics, and will finally move its headquarters from Washington, DC to Palo Alto, California.
“SmartThings has created a remarkable universe of partners and developers and now has the most engagement of any smart home platform in the world,” said David Eun, Head of the Samsung OIC. “Connected devices have long been strategically important to Samsung and, like Alex and his team, we want to improve the convenience and services in people’s lives by giving their devices and appliances a voice so they can interact more easily with them. We are committed to maintaining SmartThings’ open platform, fostering more explosive growth, and becoming its newest strategic partner.”
“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.”
As of yet it has not been revealed how much Samsung has acquired SmartThings for, or when Samsung expects the acquisition to be completed.