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.” Samsung did not disclose financials. SmartThings, which lets people use a mobile app to control connected devices, says it has some 5,000 developers building devices that connect to its open platform.
Quoted from Samsung buys home-automation startup SmartThings on Gadgets News Headlines – Yahoo! News