Korean electronics conglomerate Samsung is reported to be in talks to by home automation company SmartThings. The deal is said to be around $200 million, though it isn't yet a done deal. Samsung buying up SmartThings follows Google's $3.2 billion acquisition of Nest back in January and Apple's introduction of HomeKit at WWDC 2014 just last month. Buying up SmartThings would give Samsung a big leg up in the home automation space (their smart appliances haven't exactly taken off as they would have hoped), and for a fraction of the cost of Nest.
SmartThings is all about home automation, with apps for Android and iOS that allow the user to control a wide range of devices. Working with off a central hub, SmartThings hooks up to sensors that can read movement, temperature, moisture, external motion, and presence, as well as being able to tie into a wider range of connected accessories, including smart outlets and light switches, cameras, door locks, and more.
Google's Nest, meanwhile, has just a thermostat and a smoke detector. Apple's HomeKit is likely to see wider adoption, but as of right now there aren't any devices that can make use of the software. Connected accessories and the connected home are expected to be huge in the coming years, so buying little-known-but-well-connected SmartThings could be just what Samsung needs to bolster a smartphone business that's not performing as well as expected.
What do you think, is buying SmartThings a smart thing for Samsung to do?
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