SAN FRANCISCO (Reuters) - Samsung Electronics Co Ltd will buy SmartThings, a startup backed by PayPal co-founder Max Levchin that helps connect household devices, one of its largest U.S.-startup acquisitions to date.
The South Korean electronics maker joins fellow technology heavyweights Apple Inc and Google Inc in exploring ways to integrate connected household gadgets such as thermostats and lights with mobile apps, a trend commonly known as "Internet of Things."
SAN FRANCISCO (Reuters) - Microsoft Corp has joined Qualcomm Inc and other technology companies in a bid to establish standard ways for household devices like light bulbs and thermostats to talk to each other.
The Qualcomm-backed AllSeen Alliance is among a growing number of efforts for companies working alone or in groups to promote protocols for how smart devices should work together in a trend increasingly referred to as the Internet of Things.
Smart-home devices such as Nest’s smart thermostats are bringing simple-to-install, smart-home DIY to a far wider audience, which in turn will help to fuel the increase in shipments of smart-home products between now and 2019, according to a new study from ABI Research.
The market-research company expects shipments of smart-home devices to increase at a compound annual growth rate of nearly 30% between 2013 and 2019.
Nest Labs Inc, the maker of smart thermostats that Google Inc acquired for $3.2 billion, called a halt to all sales of its smoke alarms on Thursday after it discovered a possible defect that could cause users to turn it off unintentionally.
Nest co-founder and Chief Executive Tony Faddell said that, under a unique set of circumstances the alarm's "Nest Wave" feature, which allows a user to switch off the device with a wave of the hand, could be inadvertently activated.
M2M specialist Essence says it has closed seven new deals in Europe, the Asia-Pacific, Latin America and Israel over the past three months for its smart living and smart care offerings.
According to the company, three of those deals came with major players that have already been able to grow spending per device thanks to the use of Essence (Herzliya, Israel) technology.
Platform integration across various industries is set to hasten the arrival of smart-home technology in the Asia Pacific, according to new research from Frost & Sullivan.
The market-research company says that a number of major appliance manufacturers are now investing heavily in R&D to reduce energy consumption, and that continuous innovations in high energy-consuming home appliances will propel the smart-home industry forwards.
The number of wireless smart home monitoring devices is set to reach more than half a billion globally by 2018, according to a new study from ABI Research, up from just 17.23 million in 2013.
Those devices include contact and motion sensors, smart thermostats and smart plugs, all of which will become increasingly popular as users adopt smart-home technologies and extend existing systems, says the market-research company.
Semiconductor maker Silicon Labs has launched a new system-on-a-chip (SoC) family to meet the needs of more advanced smart energy and home automation products.
The company’s ARM-based EM358X SoC family provides additional flash and RAM memory options, while also offering USB connectivity and a local-storage bootloader aimed at helping developers to reduce bill of material costs and system complexity.
Silicon Labs (Austin, TX, USA) also said the SoC family was ideal as a mesh networking platform for “feature-rich, next-generation ZigBee applications.
Local utility company Glendale Water & Power says it is expanding its smart-meter program with CEIVA Energy to include more than six times as many customers as the initial deployment.
The extension will also provide additional services to customers, including the use of smart thermostats.
Since 2011, Glendale – which serves the Californian city of the same name – has been trialling the use of smart meters on 72 customers, with the aim of improving energy efficiency and customer satisfaction.
Google Inc took its biggest step to go deeper into consumers' homes, announcing a $3.2 billion deal to buy smart thermostat and smoke alarm-maker Nest Labs Inc, scooping up a promising line of products and a prized design team led by the "godfather" of the iPod.
Nest (Palo Alto, CA, USA) will continue to operate as its own distinct brand after the all-cash deal closes, Google (Mountain View, CA, USA) said on Monday.
The deal is the second largest in Google's history after the $12.5 billion acquisition of mobile phone maker Motorola in 2012.