Samsung will buy SmartThings, a start-up backed by PayPal co-founder
The South Korean electronics maker joins fellow technology heavyweights Apple and
Samsung did not disclose financials. But the TechCrunch blog reported in July that Samsung was in discussions to pay more than
SmartThings, which lets people use a mobile app to control connected devices, says it has 5 000 developers building devices that connect to its open platform. It will continue to operate independently but move its base from
Some tech and telecommunications executives view the market for "smart" home devices as poised to explode.
Manufacturers are rolling out Internet-connected burglar alarms, televisions and light switches. But like the early days of video cassette recorders, current smart home products are often incompatible with each other.
The largest tech players are now drawing up alliances to create common standards for the next generation of gadgets.
Apple, known for strictly controlling how other companies' products interact with its own, in June announced HomeKit, which it describes as a framework to communicate with devices in the home.
Samsung, which already makes Internet-connected appliances such as refrigerators and washing machines, has allied with
SmartThings, which is owned by the
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