Samsung buys Joyent to bolster its cloud computing efforts
Samsung has announced that it’s acquiring Joyent, a San Francisco-based software and services company that specializes in cloud computing.
As smartphones and connected-devices have taken hold across the world, cloud computing has become fundamental in providing users with exciting and reliable services and experiences on their devices. With leadership positions in both mobile and IoT, this acquisition represents Samsung’s commitment to provide a seamless user experience to millions of customers.
Joyent CEO Scott Hammond on why this makes sense for Joyent:
But, until today, we lacked one thing. We lacked the scale required to compete effectively in the large, rapidly growing and fiercely competitive cloud computing market. Now, that changes. We are happy to announce that Joyent is adding the scale we need: Samsung is acquiring Joyent. As a result of this acquisition, Samsung will become an anchor tenant for Joyent’s Triton and Manta solutions, and will help fuel the growth of our team and the expansion of our worldwide data center footprint.
Samsung’s Global Innovation Center is the unit that spearheaded this acquisition for Samsung’s Mobile Communications business. Yes, the same GIC responsible for previous investments and acquisitions like SmartThings in 2014 and LoopPay in 2015, both of having went on to play important roles in Samsung’s connected home and mobile payment efforts.