Jul 16 AT 8:51 AM Nick Sarafolean 0 Comments

Samsung reportedly looking at buying home automation company SmartThings

SmartThings

According to a new report from TechCrunch, Samsung is in talks to purchase home automation company SmartThings for somewhere close to $200 million. SmartThings is a company that, similar to Nest, is working to create a smart home. Kits sold by SmartThings allow you to link up things in your home so that they can communicate with each other and be controlled by your phone. SmartThings even offers entire smart security kits to keep your home safe and sound.

Samsung has spent several years trying to create a line of smart home products but has found little success with consumers. SmartThings, on the other hand, has received great praise and already has an established system, it’s simply in need of some help in pushing out the products to consumers. Samsung is excellent at getting products into the hands of consumers, so this could be a perfect partnership.

A smart home system by Samsung would come in direct rivalry with Apple’s HomeKit and possibly plans that Google has in store. Google has yet to release a smart home system of any kind, but its recent purchase of Nest indicates that the company is working to create a similar product. The most likely situation is that Samsung is working to beat Google to market so that it can grab the first adopter share. In any case, it’ll be interesting to see how the smart home scene plays out.

Source: TechCrunch

A nerd at heart, Nick is an average person who has a passion for all things electronic. When not spending his time writing about the latest gadgets, Nick enjoys reading, dabbling in photography, and experimenting with anything and everything coffee. Should you wish to know more about him, you can follow him on Twitter @Zricon15.

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