June 16, 2016

Samsung enters the cloud market – buys U.S. cloud provider Joyent

Samsung Electronics is buying Joyent for its private and public cloud platform, object store, and container expertise

Samsung announced on Wednesday night that it had agreed to acquire Joyent, Inc., a public and private cloud provider. With Joyent’s cloud technology, Samsung seeks to have access to its own cloud platform capable of supporting its growing lineup of mobile, Internet of Things (IoT) and cloud-based software and services. Terms of the deal were not disclosed and the transaction remains subject to customary closing conditions.

Injong Rhee, CTO of Mobile Communications at Samsung Electronics said:

Samsung evaluated a wide range of potential companies in the public and private cloud infrastructure space with a focus on leading-edge scalable technology and talent. In Joyent, we saw an experienced management team with deep domain expertise and a robust cloud technology validated by some of the largest Fortune 500 customers.

With cloud computing becoming fundamental in providing users with exciting and reliable services and experiences on their devices. With leadership positions in both mobile and IoT, Samsung says that this acquisition represents its commitment to provide a seamless user experience to its customers.

Scott Hammond, CEO of Joyent said:

We are excited to join the Samsung family.  Samsung brings us the scale we need to grow our cloud and software business, an anchor tenant for our industry leading Triton container-as-a-service platform and Manta object storage technologies, and a partner for innovation in the emerging and fast growing areas of mobile and IoT, including smart homes and connected cars.

Samsung says that Joyent will operate as a standalone company under Samsung and continue providing cloud infrastructure and software services to its customers.

You can read more about Joyent’s take on the acquisition on their company blog.

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