Samsung Buys Cloud Firm Joyent To Boost IoT Business

Samsung_joyent_acquisitionSamsung said its buying the San Francisco based cloud provider Joyent which would help the company in creating its own cloud platform to support its mobile, internet of things (IoT) and cloud based services.

The financials of the deal is not disclosed. Through this acquisition, Joyent’s team of technologists, including CEO, Scott Hammond, CTO, Bryan Cantrill, and VP of Product, Bill Fine will join Samsung to work on company-wide cloud initiatives.

“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,” said Injong Rhee, CTO of the Mobile Communications business at Samsung Electronics.

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,” Samsung said in a statement.

“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,” said Scott Hammond, CEO of Joyent.

The acquisition of Joyent is in lines with Samsung’s growing focus on IoT. In 2014, the Korean tech major had acquired SmartThings, which also creates synergy with the current acquisition.

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