[THE INVESTOR] Samsung Electronics said on June 16 it has acquired a US-based cloud service provider Joyent in its latest start-up shopping spree.
With the acquisition, Samsung aims to strengthen its presence in the soaring cloud market, offering more advanced mobile services in the era of the Internet of Things technology.
Detailed terms of the deal were not disclosed.
Screen capture of Joyent`s homepage
“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 Rhee In-jong, chief technology officer of Samsung’s mobile communications business.
Joyent’s talented team of technologists, including chief executive Scott Hammond, CTO Bryan Cantrill, and vice president of product Bill Fine will join Samsung to work on company-wide cloud initiatives.
“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.
Joyent will operate as a standalone company under Samsung and continue providing cloud infrastructure and software services to its customers.
By Kim Young-won (email@example.com