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Samsung Electronics Co. Ltd. announced that it has entered into an agreement to acquire SmartThings, a leading open platform for the smart home.

According to ACHR News, Samsung said that, with its resources, SmartThings will be able to expand its platform and support even more devices.

The 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 its headquarters from Washington, District of Columbia, to Palo Alto, California.

LOWE'S SURVEY - Most Favor A Smart Home

Fifty-Two Percent Feel That Having a Smart Home Is at Least Somewhat Important to Them

MOORESVILLE, N.C. — A new smart home study released by Lowe’s found that more than 70 percent of smart phone users in America just wish they could control something in their home from their mobile device without getting out of bed. Lowe’s 2014 Smart Home Survey examined Americans’ attitudes and experiences with home automation.

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