• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Geeky Gadgets

Gadgets and Technology News

  • Home
  • Apple
  • Android
  • Deals
  • Gadgets
  • Technology
  • Hardware
  • Gaming
  • Cars


Samsung Acquires SmartThings For $200 Million (video)

10:42 am August 15, 2014 By Julian Horsey

  • Share
  • Tweet
  • Pin
  • Email

SmartThings

During the middle last month it was rumoured that Samsung was looking to purchase the Internet of things start-up company SmartThings that creates home automation controllers, for an estimated $200 million.

This week the deal has been officially announced and Samsung is indeed purchasing SmartThings for a price tag of $200 million. At the present time SmartThings CEO and founder Alex Hawkinson will continue to run the company which will also continue to operate independently.

SmartThings was founded back in 2012 provides users the power to monitor, control, and automate their homes from wherever they are through a single mobile app. Operations for the company will be moving from its base in Washington DC, San Francisco and Minnesota to their new offices as part of Samsung’s Open Innovation Center (OIC) based in Palo Alto California.

At the present time the SmartThings’ open platform supports more than 1,000 devices and over 8,000 applications created by its community of makers, inventors, and developers. Todays press release reads :

“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 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.”

Source: Business Wire

Filed Under: Technology News, Top News

Latest Geeky Gadgets Deals


Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn more.

Primary Sidebar

  • Email
  • Facebook
  • RSS
  • Twitter

Top News

Teensy 4 DAC

JayShoe’s Pro Audio Series Teensy 4 ADC and DAC Audio Shield

Portable SSD

New addlink P20 portable SSD with USB 3.2 connectivity unveiled

BYO (Build Your Own) programmable mechanical keyboard

4k triple monitor

Triple monitor 4K gaming using a RTX 3090 demonstrated

Black Horn bike phone holder complete with wireless charger hits Kickstarter

Last Minute Deals

Apple News

watchOS 7.3 Release Candidate

Apple releases watchOS 7.3 Release Candidate

iOS 14.4

What’s new in iOS 14.4 Release Candidate (Video)

iOS 14.4

Apple releases iOS 14.4 Release Candidate to developers

iPhone 13

iPhone 13 will come with a smaller notch

AirPods Max battery drain

More reports of AirPods Max battery drain (Video)

Technology News

Wine 6

Wine 6.0 now available to download

Raspberry Pi Pico

Raspberry Pi Pico microcontroller officially launches for $4

Qualcomm Snapdragon 870 5G

Qualcomm boosted Snapdragon 870 5G mobile platform unveiled

Netflix

Netflix now has 200 million subscribers

Ninja Theory

Ninja Theory Project: Mara diaries explain more about recreating realistic environments

Android News

Samsung Galaxy S21 Ultra vs iPhone 12 Pro Max

Smartphone camera test: Samsung Galaxy S21 Ultra vs iPhone 12 Pro Max (Video)

Honor V40 5G

Honor V40 5G smartphone gets official

Samsung Galaxy S21 4G

4G version of the Samsung Galaxy S21 spotted at Bluetooth SIG

Infinix Hot 10 Play

Infinix Hot 10 Play smartphone unveiled

Samsung Galaxy S21

Samsung Galaxy S21 Pre-orders higher than Galaxy S20

Footer

About Us

  • About Geeky Gadgets
  • Advertise On Geeky Gadgets
  • Archives
  • Contact Us
  • Disclosure Policy
  • Free Newsletter
  • Geeky Gadgets Logo
  • Privacy Policy
  • Site Map

Further Reading

  • Auto News
  • Camera News
  • Concepts & Design
  • Entertainment News
  • Design News
  • Geeky Stuff
  • Apple iPad
  • Apple iPhone
  • Mobile Phone News
  • Sponsored
  • Tablet News

Copyright 2007 - 2020 Geeky Gadgets

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Geeky Gadgets
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Cookie Policy

More information about our Cookie Policy