Samsung Looks To Strengthen Mobile And IoT With Cloud Provider Acquisition
Samsung will acquire public and private cloud provider Joyent, as it looks to strengthen its position in mobile and IoT.
In announcing the acquisition, Samsung noted the role of cloud computing “in providing users with exciting and reliable services and experiences on their devices” amid the global growth of smartphones and connected devices.
“With Joyent’s superior cloud technology, Samsung will now have access to its own cloud platform capable of supporting its growing line-up of mobile, Internet of Things (IoT) and cloud-based software and services,” Samsung stated.
Samsung stated that Joyent tech will allow it “to scale its own cloud infrastructure and services as it continues to innovate with new software and technologies”.
The Joyent team, including CEO Scott Hammond, CTO Bryan Cantrill and VP of product Bill Fine, will be joining Samsung to work on cloud initiatives.
Hammond noted via a blog post that the acquisition will see Samsung “become an anchor tenant for Joyent’s Triton and Manta solutions”, helping to fuel the growth of its team and the expansion of its worldwide data centre footprint.
“This acquisition, though, is about more than just adding financial muscle and scale,” Hammond wrote. “Joyent and Samsung share a culture of innovation and technical excellence, and bring together a set of highly complementary cloud, big data, mobile and IoT technologies.
“By bringing these two companies together, we are creating the opportunity to develop and bring to market vertically integrated mobile and IoT services and solutions that deliver extraordinary simplicity and value to our customers.”
The acquisition will see Joyent operate as a standalone company under Samsung, continuing to provide cloud infrastructure and software services to its customers.