Samsung has agreed to acquire US based public and private cloud provider, Joyent, Inc. The acquisition will allow Samsung allow to grow its cloud-based services for its smartphones and Internet-connected devices. The financial terms of the deal were not disclosed.
The Joyent acquisition will allow Samsung to scale its own cloud infrastructure and services. Joyent’s team of technologists, including CEO, Scott Hammond, CTO, Bryan Cantrill, and VP of Product, Bill Fine will join Samsung to work on cloud initiatives. Founded in 20014, Joyent will operate as a standalone company under Samsung and continue providing cloud infrastructure and software services to its customers.
Injong Rhee, CTO of the Mobile Communications business at Samsung Electronics said,
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.
Scott Hammond, CEO of Joyent said in a statement,
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.
Samsung has made some important acquisitions since past two years. The company bought home automation company SmartThings in August 2014 and mobile payment company LoopPay in February 2015.