Samsung ups the Internet of Things ante with SmartThings acquisition

Samsung ups the Internet of Things ante with SmartThings acquisition   Samsung has once again signaled its intentions to be a big player in the burgeoning Internet of Things market, by agreeing a deal to acquire one of the sector's hottest start ups.Following reports it had tabled a $200m offer ((around £116m, AUS$213m) last month, Samsung confirmed it has bought the Washington DC-based SmartThings for an undisclosed fee.The two year old firm sells smart home kits which work around a central Wi-Fi hub, allowing users to control various household appliances, doors, windows and thermostats. Read more >