[Link] Samsung Buys SmartThings for $200 Million

 

Internet of Bling: Samsung Buys SmartThings for $200 Million | Re/code

SmartThings will continue to be run by CEO and founder Alex Hawkinson and operate independently, Samsung said. But most of its operations — which now include 55 employees in Washington, D.C., and also offices in San Francisco and Minnesota — will be moved to Palo Alto, Calif., to become part of Samsung’s Open Innovation Center (OIC) there.

It was only a matter of time before SmartThings got bought out – their hub, devices and 3rd party control of other smartphone-controlled products stood head and shoulders above their competitors. Samsung you would think, would try and include SmartThings technology into their devices but as long as SmartThings remain separate as they have stated, then with Samsung’s backing they can improve their products so that they become more mainstream and integrate with even more 3rd party device companies.