Samsung Electronics Co Ltd (005930.KS) Key Developments |
United States

Analyst Research

Report Title Price
Provider : Thomson Reuters Stock Report
Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : Wright Reports

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Samsung Electronics Co Ltd to acquire SmartThings, open platform for internet of things

Thursday, 14 Aug 2014 06:15pm EDT 

Samsung Electronics Co Ltd:Enters into agreement to acquire SmartThings, the open platform for the smart home and consumer Internet of Things.SmartThings supports open and growing ecosystem of developers, who are producing new types of connected devices and unique apps in the cloud that change how everyday objects work.With Samsung's resources and support, SmartThings will be able to expand platform and become available for even more partners and devices.Company will continue to operate independently under founder and CEO Alex Hawkinson, and will become part of the Samsung Open Innovation Center (OIC), which is responsible for bringing software and services innovation to Samsung Electronics.SmartThings will move headquarters from Washington, DC to Palo Alto, California.