Samsung acquires Perch

Samsung continues to take over companies that could prove essential for its future with Perch, a brand behind a do-it-yourself home monitoring software that keeps old smartphones or tablets alive, turning them into security cameras. Perch was born a few years ago thanks to Samsung's Accelerator Program, now known as Samsung Next.

According to Perch, "Our team will be working with Samsung groups around the world to develop next-generation IoT products." Unfortunately, the downside of this move is that the Perch home monitoring service is going down. Support is scheduled to end on February 17, and the beta app will be taken down from the Google Play store as well. On the same day, all recorded data is expected to be wiped, thus ensuring the users' security and privacy.

As it usually happens when such corporate acquisitions take place, the financial terms of the deal have not been disclosed.