Samsung Joins the Smart Home Arms Race

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3Q 2014 | IN-1019862

Samsung Acquires Smart Home Start-up Firm SmartThings

NEWS


After weeks of speculation, Samsung announced its acquisition of smart home start-up SmartThings for an estimated US$200 million. Samsung's acquisition of SmartThings signals its push into the smart home market, where Samsung already has a presence in audio/video devices, home appliances, lighting, HVAC, surveillance cameras, and smart mobile devices. SmartThings started after its successful Kickstarter campaign in September 2012, when it raised over US$1 million.

Smart Home Vendors’ Tag Team Battle

IMPACT


Samsung has acknowledged before that, while it has been extremely successful in innovation in hardware engineering, it has severely lacked in delivering good software, often relying on third-party solutions. SmartThings on the other hand has always maintaine...

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