South Korean electronics giant Samsung is acquiring Joyent, a San Francisco-based company that provides public and private cloud services. Terms of the transaction were not announced, and the deal remains subject to customary closing conditions.
With Joyent’s cloud technology, Samsung will now have access to its own cloud platform capable of supporting its lineup of mobile, Internet of Things (IoT) and cloud-based software and services.
Samsung will become an anchor tenant for Joyent’s Triton and Manta solutions. Scott Hamond, Chief Executive of Joyent said in a blog post, “By bringing these two companies together we are creating the opportunity to develop and bring to market vertically integrated mobile and IoT services and solutions.”
“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’s team of technologists, including CEO, Scott Hammond, CTO, Bryan Cantrill, and VP of Product, Bill Fine will be joining Samsung, said the company.