Electronics Company Samsung Acquires Cloud Company Joyent

June 18, 2016
Electronics Company Samsung Acquires Cloud Company Joyent
Electronics company Samsung Electronics (Samsung) has acquired cloud company Joyent, Inc. (Joyent). Samsung, which has headquarters in Seoul, South Korea, is a global brand recognized chiefly for its range of mobile phones, particularly its Galaxy range. The company also specializes in electronic components. The move is motivated by Samsung’s need to have a cloud platform that can support its mobile phone activity, its cloud-based software and its Internet of Things (IoT) activity. Financial aspects of the deal have not been released.

Joyent, which has headquarters in San Francisco, California, United States, bills itself as delivering “container infrastructure as a service” and offering organizations “high-performance, yet simple, public cloud and private cloud software solutions”. Joyent will remain operating as an independent entity but with a focus on developing Samsung’s cloud capabilities.

“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,” explained Injong Rhee, Samsung Electronics’ CTO of the Mobile Communications business. “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,” he added.

We are excited to join the Samsung family,” explained Joyent’s CEO Scott Hammond. “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”.

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