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Published 10 years ago by darvinhg with 0 Comments
by darvinhg
10 years ago

Samsung buys home-automation startup SmartThings

Samsung Electronics Co Ltd will buy SmartThings, a startup backed by PayPal co-founder Max Levchin that helps connect household devices, one of its largest U.S.-startup acquisitions to date. The South Korean electronics maker joins fellow technology heavyweights Apple Inc and Google Inc in exploring ways to integrate connected household gadgets such as thermostats and lights with mobile apps, a trend commonly known as "Internet of Things."

Continue Reading http://www.reuters.com
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