Samsung buys Joyent to kick off $1.2 billion investment in U.S.
Samsung buys Joyent to kick off $1.2 billion investment in U.S.
Samsung is pumping up its cloud-based capabilities with the acquisition of San Francisco-based Joyent for an undisclosed amount.
Information Week reports that Joyent’s private and public cloud computing services will support the South Korean electronics giant’s Internet of Things (IoT), mobile and cloud-based lines of business.
“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,” said Samsung Electronics CTO of Mobile Communications Injong Rhee in a press statement. “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,”
See also: Samsung sunny towards IoT cloud with new Artik
“As one of the world’s largest consumers of public cloud data and storage, Samsung will immediately benefit from having direct access to Joyent’s technology, leadership and talent,” the media release added.
Samsung was already one of the largest clients of Joyent, which developed open-source cloud management software Triton and object storage service Manta.
“For our existing public cloud and private data center customers, adding scale, financial muscle, and Samsung as both a partner for innovation and as a large anchor tenant customer for Triton and Manta, will pay big dividends,” said Scott Hammond, Joyent CEO. “Our Triton business is doubling every quarter and our Manta solution is the foundation for many of our customers’ most strategic applications.”
Samsung heads already in cloud?
(June 28, 2016), the South Korean tech powerhouse unveiled plans to invest $ 1.2 billion in the U.S. market, specifically around IoT.
“We think there’s still a lot to do in this area,” said Young Sohn, president and chief strategy officer of Samsung Electronics, of the announcement.
Samsung dove into the business of IoT services in April with the introduction of Artik Cloud. However, that project relied on Amazon Web Services infrastructure to run. Now with Joyent as part of its company, Samsung gets in-house expertise and technology to manage and provide its own cloud-based infrastructure.
And as Samsung is a global leader in electronic hardware, it is expected to continue producing connected devices that will increasingly rely on these type of cloud-based services.
Samsung’s acquisition of Joyent also creates synergies with its 2014 buyout of SmartThings, a seller of IoT devices and services.
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