Samsung buys SmartThings to gain a foothold in home automation
See the original posting on The Verge
Samsung, which already makes a variety of home appliances, just acquired a company that can help them work better together. The Korean company paid a reported $200 million to acquire the 2-year-old startup, which employs 55 people in Washington, DC, San Francisco, and Minnesota. Smart Things was founded to cut through the confusing network of standards that currently exist among home-automation products, and sells a $99 hub that lets appliances communicate across standards.