Samsung to Buy SmartThings
Samsung said it has agreed to purchase a startup called SmartThings. SmartThings, which is based in Washington, develops technology for the Internet of Things. It sells a home controller device for $99, but has also created an online service to help developers design and create their own internet-enabled and smartphone-controlled gadgets. The company claims 8,000 apps and 1,000 devices use its platform. SmartThings will move its operations to Palo Alto, Calif., where Samsung has a developer facility, but SmartThings' CEO Alex Hawkinson said the company will be run independently. The move is largely seen as a way for Samsung to counter steps made by Google and Apple to expand the functionality of their smartphones and tablets to control household items. Terms of the deal were not disclosed.
I'd be disappointed if they bought dumb things...