Menu
Samsung to acquire US cloud services firm Joyent

Samsung to acquire US cloud services firm Joyent

Joyent will power Samsung’s services focus in mobile and the Internet of Things

Samsung Electronics is acquiring U.S. cloud services company Joyent as it builds its services business around mobile devices and the Internet of Things.

The financial details of the transaction were not disclosed. Joyent will operate as a standalone subsidiary under the new dispensation and continue providing cloud infrastructure and software services to its customers.

Samsung said Thursday the acquisition would give the smartphone maker access to its own cloud platform to support it in the areas of mobile, IoT and cloud-based software and services.

The South Korean company said it had evaluated a number of providers of public and private cloud infrastructure but zeroed in on Joyent in San Francisco as it saw “an experienced management team with deep domain expertise and a robust cloud technology validated by some of the largest Fortune 500 customers.”

Joyent’s key executives, including CEO Scott Hammond, CTO Bryan Cantrill, and Bill Fine, vice president of product, will join Samsung and work on company-wide cloud initiatives.

With Samsung as a key customer, Joyent hopes to achieve the scale required to compete effectively in the "large, rapidly growing and fiercely competitive cloud computing market," Hammond wrote in a blog post. Joyent competes with giants like Google, Microsoft Azure and Amazon Web Services. “As a result of this acquisition, Samsung will become an anchor tenant for Joyent’s Triton and Manta solutions,” Hammond wrote.

Triton is Joyent's container-as-a-service platform while Manta is its object storage technology.  Samsung plans to use Triton and Manta as the server-side foundation for a new generation of mobile- and IoT-based application, according to Cantrill.

Samsung has been progressively expanding in the IoT market including through acquisitions. In August 2014, for example, it acquired smart home appliances company SmartThings in the U.S.


Follow Us

Join the newsletter!

Error: Please check your email address.

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments