Samsung reportedly planning to snag SmartThings for roughly $200 million
It seems that 2014 may be the year of the smart home, or at least the year that most of the bigger giants in the tech world start laying the groundwork for their greater home automation ambitions. Not only have we seen Google buy Nest and Apple introduce its own HomeKit platform, there has also been several other groups founded around the idea of improving home automation including the Samsung and Nest-backed Thread with their IOT-aimed networking protocol.
Now it seems that Samsung is getting ready to make another big move in its bid to become a major player in the smart home game, as the company is reportedly in talks to purchase the automation start-up SmartThings for $200 million dollars. While the deal isn’t complete just yet, it is supposedly far along and could finalize in the near future.
Samsung is no stranger to home automation, with involvement in both Thread and the Open Interconnect Consortium, in addition to the fact they already produce a number of appliances, electronics and even light bulbs that are designed with home automation in mind. So what does Samsung gain by adding SmartThings to its arsenal? For one thing, the start-up has an organized hub that could make connecting all of Samsung’s smart goodies a breeze. For another, the software-side of SmartThings is also very capable and could help Samsung further its efforts in this space.
Beyond this? Adding more talented individuals who know and understand home automation is a good way to ensure Samsung doesn’t fall behind, and could help give them an edge over the competition. What do you think, is picking up SmartThings for $200 million a smart move for Samsung?