Samsung Electronics has agreed to acquire public and private cloud provider, Joyent, as the South Korean technology giant attempts to boost its software and services ambitions.
Samsung will acquire Joyent for an undisclosed sum as part of its burgeoning interest in “big data” and a more expanded effort to use powerful remote computers to bolster its data analysis and the computing capabilities of its own devices.
Joyent is an 11 year old San Francisco-based cloud company, and is Samsung’s third major acquisition of a US startup in the past two years.
Register today for our latest webinar:
Date: Thursday, 7 July 2016
Time: 10:00am – 10:45am BST
The acquisition represents Samsung’s commitment to provide a seamless user experience to millions of customers. The technology giant plans to become a more significant player in a smartphone and connected-devices dominated industry, where cloud computing has become fundamental in providing users with exciting and reliable services and experiences on their devices.
Through the use of 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.
The acquisition of Joyent and the implementation of the cloud company’s technology will strengthen the mobile and (IoT) leadership position which Samsung already holds.
What Samsung and Joyent bring to the table
Joyent has a unique combination of container-native infrastructure, object storage, server-less computing and Node.js expertise. Samsumg reported views the company as perfectly suited to help it meet the need of its customers.
The tech giant will immediately benefit from having direct access to Joyent’s technology, leadership and talent, feeding its needs as one of the world’s largest consumers of public cloud data and storage.
Joyent will operate as a standalone company under Samsung and continue providing cloud infrastructure and software services to its own customers.
Joyent will also benefit from the acquisition as the US startup will be able to take advantage of Samsung’s scale of business, global footprint, financial muscle and its brand power.
CTO of the Mobile Communications business at Samsung Electronics, Injong Rhee, said the tech giant saw Joyent as a company which could help its cloud provider needs.
“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,” he said.
“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.”
Buying a cloud provider company like Joyent gives Samsung a direct stake in the evolution of cloud computing, an interesting move for a tech giant that has realised the future importance of the software and services which run on its devices.