Internet of Things: Samsung Buys AC Company Quietside

The company has yet to elaborate on the details of the deal

   

Internet of Things: Samsung Buys AC Company Quietside

Samsung has purchased air conditioner seller Quietside.

Samsung185 Internet of Things: Samsung Buys AC Company QuietsideThe details of the deal have not been revealed but a Samsung Electronics spokesman said that the company has acquired 100% of Quietside. The move is seen as a bid to strengthen the electronics company’s “smart home” business.

Samsung is looking to create interconnected networks within houses that allow you to control household appliances with your smartphone. The company said in a statement that the acquisition of Quietside is a key one because air conditioners are essential household appliances.

Samsung made another purchase to expand its “smart home” business with the acquisition of SmartThings earlier this week. The app allows you to sync a number of devices on an app and hardware hub.

More Internet of Things News:


Article printed from InvestorPlace Media, http://investorplace.com/2014/08/internet-of-things-samsung-quietside/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.