Samsung is acquiring US cloud services company Joyent
Samsung is acquiring Joyent Inc, a San Francisco-based software and services company which specializes in application virtualization and cloud computing, for an undisclosed amount.
The acquisition is part of the South Korean tech giant’s plan to expand its presence in cloud computing and give the company access to its own cloud platform capable of supporting its growing lineup of mobile, Internet of Things (IoT) and cloud-based software and service.
Samsung said in a statement that Joyent will be integrated into its mobile division – the name and management will both be retained.
The company is trying to expand focus beyond manufacturing – which made it the world’s biggest smartphone and TV maker.
“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.
“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.
Samsung’s Global Innovation Center spearheaded this acquisition for Samsung’s Mobile Communications business. “We work closely with startups to bring new software and services into Samsung, and one of the ways we do this is by driving strategic acquisitions,” said David Eun, President of Samsung’s Global Innovation Center. “Joyent is a great example of a leading and disruptive technology company that will make unique contributions to Samsung while benefitting from Samsung’s global scale and reach.”