Samsung Electronics has announced the acquisition of Joyent, a public and private cloud provider. With Joyent’s cloud technology, Samsung will now have access to its own cloud platform capable of supporting its growing lineup of mobile, Internet of Things (IoT) and cloud-based software and services. The transaction remains subject to customary closing conditions.
As smartphones and connected-devices have taken hold across the world, cloud computing has become fundamental in providing users with exciting and reliable services and experiences on their devices. With leadership positions in both mobile and IoT, this acquisition would represent Samsung’s commitment to provide a seamless user experience to millions of customers.
“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 Injong Rhee, CTO of the Mobile Communications business at Samsung Electronics. “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.”
Joyent’s unique combination of container-native infrastructure, object storage, server-less computing, and Node.js expertise would be perfectly suited to help Samsung meet the needs of its customers. As one of the world’s largest consumers of public cloud data and storage, Samsung would immediately benefit from having direct access to Joyent’s technology, leadership and talent.
“We are excited to join the Samsung family,” said Scott Hammond, CEO of Joyent.
“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.”
Likewise, Joyent will be able to take advantage of Samsung’s scale of business, global footprint, financial muscle and its brand power. Joyent will operate as a standalone company under Samsung and continue providing cloud infrastructure and software services to its customers.
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.”