Computer Business Review
SmartThings has already raised $15m from investors.
Samsung is in talks with SmartThings to buy the home automation maker for $200m to compete against Google's Nest and Apple's HomeKit.
SmartThings offers IoT-based devices and a free mobile application that can connect to sensors, locks, light switches, thermostats and other compatible devices used at homes.
The devices can be controlled through mobile applications.
The $99 SmartThings Hub is considered to be the brain of the platform, which can be plugged directly into users Internet router to control lights, locks, and even send notifications when someone enters or exits into the room or opens and closes the doors.
The company also offers products like Moisture Sensor, Presence Sensor, Motion sensor, Multi sensor, GE Light & Appliance Plug-and-Control Power Outlet.
The deal has not yet been confirmed by Samsung or SmartThings yet.
CommentsPost a comment
Comments may be moderated for spam, obscenities or defamation.
GET CBR'S DAILY MORNING UPDATE
Unable to register now
Trending on CBR
E-mail and Web Security SaaS
Webroot is an established security provider of Software as a Service (SaaS)-delivered e-mail and Web security suites. The e-mail security suite...
Methodology for Enterprise Data Quality and Data Governance
Trillium Software recommends tackling data quality issues that can be directly tied to tangible business benefits and growing this solution out,...
An Inside Job: Extending Enterprise Protection to Remote Laptops
IT managers face significant threats from remote workers and business travellers — in fact virtually any employee who takes a laptop home at night...
Prepare for your Windows 7 Migration Crunch
Avoid the cost overruns and skills shortages that will affect many Windows 7 migration plans. This practical paper from leading analyst Garter...
Teneo - Infrastructure Management, Performance and Virtualization Services
Teneo is an infrastructure optimization company, providing solutions that help customers with the management, performance and virtualization of...
The Neverfail Group is dedicated to creating a world where business applications are continuously available. High Availability, Disaster Recovery...
Webroot - Security Solutions
Webroot provides industry leading security solutions for consumers, enterprises and small and medium businesses worldwide.
Capscan is a leading supplier of international address management solutions and data integrity services. Capscan has more than 1800 customers...