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
Travelers Migrates Mission-Critical SAS Applications from Solaris to Red Hat Enterprise Linux on HP ProLiant Servers
In 2005, after observing the insurance industry’s growing awareness of and interest in Linux, Travelers began testing the viability of deploying...
Data Quality Essentials: A Project Manager's Guide to Data Quality
This paper is aimed at project managers and describes the step-by-step process for implementing data quality as part of a project. While...
How to Allocate Resources and Build Optimal Teams
In the five decades of modern project management, PM software developers have made constant strides in providing support within their tools for the...
Maximise your Strategic Flexibility with an Open, Hybrid Cloud
There are many paths to the cloud for the enterprise. The one you choose can affect much more than your enterprise IT architecture. It will...
Capscan is a leading supplier of international address management solutions and data integrity services. Capscan has more than 1800 customers...
SDL Tridion - Web Content Management Solutions
SDL Tridion is a global leader in Web Content Management (WCM) solutions.
Absolute Software - Security Solutions for Mobile Computers and Smartphones
Absolute® Software specialises in technology and services for the management and security of mobile computers and smartphones.
Qualys - IT security risk and compliance solutions
Qualys is the leading provider of on demand IT security risk and compliance solutions - delivered as a service. Qualys solutions enable...