Samsung Acquires Cloud Service Provider Joyent For IoT
Today, Samsung has announced that it has acquired cloud service provider Joyent. Joyent is a US cloud service provider for both public and private clients and Samsung intends to leverage the company's products for Internet of Things (IoT).
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.
Through this acquisition, Joyent will become a part of Samsung's mobile business unit, but will continue to function as a standalone entity. In addition, Joyent's team of technologists, including CEO, Scott Hammond, CTO, Bryan Cantrill, and VP of Product, Bill Fine will join Samsung to work on company-wide cloud initiatives.
Joyent specializes in providing high-performance container-native infrastructure. Its product Triton Elastic Infrastructure, can run Docker, making container ops simple. Also, it is scalable with enterprise-grade security, software-defined networking and bare-metal performance.
In addition, Joyent's Manta solution provides robust, scalable and portable object storage, with integrated server-less computing. Joyent is also the original corporate steward of the open source project Node.js.
This acquisition is beneficial for both companies, as Samsung gains the technological expertise of Joyent for its IoT products. In case of Joyent, the company gains the huge financial support from Samsung and can exploit global footprint and brand power of Samsung.
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.
Joyent is a great example of a leading and disruptive technology company that will make unique contributions to Samsung while benefiting from Samsung's global scale and reach.
Both companies have not revealed any details on how much Samsung is paying for the company.