Korean company reportedly paid out $200 million for two-year old company
SmartThings has announced on its blog today that electronics powerhouse Samsung has acquired the home automation company. CEO Alex Hawkinson stated that SmartThings would continue operate independently under Samsung's Open Innovation Center group. TechCrunch first reported on the sale in mid-July, with sources stating a deal had been sealed for around $200 million. SmartThings didn't comment on the terms of the sale in the latest announcement.
SmartThings purchase would bolster Samsung Internet of Things efforts
Samsung may be looking to acquire a home automation company, in order to bolster its home automation efforts. Shortly after joining up with the Thread Group to work on a wireless networking protocol for the "Internet of Things," the electronics giant is said to be in the process of purchasing SmartThings, with the deal said to be worth around $200 million.
High-speed network technology research announced by UK Prime Minister
United Kingdom will work with Germany to create the next generation of wireless communications technology, revealed UK Prime Minister David Cameron at CeBit in Germany. The two countries will collaborate together on the 5G connections, which Cameron hopes could cut the time it takes to download an 800MB file down from 4G's 40-second transfer time to just one second.
First Smart Home-enabled devices shipping from Samsung in first half of 2014
Samsung has laid out its plans for a connected home at CES, one which allows multiple appliances to communicate with each other. Samsung Smart Home is billed as a platform for managing a variety of devices, such as washing machines, refrigerators and televisions, something the company hinted at in late December when it added cross-device communication support to its smart TV SDK.
Platform for interconnected devices based on Qualcomm Toq app software
A group of companies have banded together to help foster the adoption of interconnected devices, also known as the "Internet of Things" or the "Internet of Everything." Announced by the Linux Foundation, members of the AllSeen Alliance hope to work together on building a software platform for all of the devices to connect and communicate across.
System to help towards enabling Internet of Things concept
Intel has made a new system-on-chip that puts 3G power amplifiers into radio frequency circuits. The SMARTi UE2p, an improvement on its previous attempt at the platform, is smaller and more power efficient than before, while also being less complex for developers to use. Intel hopes the new SoC would bring down the cost of 3G handsets and support machine-to-machine communication to help enable the "Internet of Things."