Samsung + SmartThings

Mighty Things

For the Connected World

All About Scale

“Today is a big day for SmartThings. I’m excited to announce that SmartThings has been acquired by Samsung and will operate as an independent company within Samsung’s Open Innovation Center group. It has always been our goal to create a totally open smart home platform that brings together third-party developers, device makers, and consumers”. – Alex Hawkinson

The $200 million deal is obviously about scale. Samsung is the biggest consumer electronics company in the world, across mobile and appliances, selling products in 200 different countries. They can quickly make SmartThings the biggest open platform in the world.

“We believe that there is an enormous opportunity to leverage Samsung’s global scale to help us realize our long-term vision. While we will remain operationally independent, joining forces with Samsung will enable us to support all of the leading smartphone vendors, devices, and applications; expand our base of developers and enhance the tools and programs that they rely on; and help many more people around the world easily control and monitor their homes using SmartThings.” – Alex Hawkinson

I don’t think we will ever see one company owning all the devices in a home though, but at least Samsung will give SmartThings the resources to try to keep with the multiplication of devices to support. From a Samsung perspective, SmartThings offers not only a product but also a developer ecosystem, which is what Samsung needs to fight over Google and Apple who are also trying to own the smart home.

 

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