Samsung has acquired SmartThings, a developer of an Internet of Things smart system connecting home devices to mobile phones. The deal is reportedly valued at around $200 million. With the acquisition, Samsung becomes the latest tech company to enter the home connectivity device space. Google acquired Nest Labs in February of this year for $3.2 billion in cash, and Apple has announced the eventual release of HomeKit, an app that will allow users of the next iOS operating system to control third-party smart devices. SmartThings had raised $15.5 million prior to the acquisition; its investors included Greylock Partners, Highland Capital Partners and SV Angel, among others. The company's most recent financing was raised at a valuation of $27.6 million in November 2013.