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Samsung acquires Joyent, to boost its connected car businesses

Published: June 16, 2016 | Korea

Samsung Electronics has finalized its plan to acquire Joyent, Inc., a leading 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.

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.

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 represents Samsung’s commitment to provide a seamless user experience to millions of customers.

Scott Hammond, CEO of Joyent, said: 

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.

In addition, Joyent’s combination of container-native infrastructure, object storage, server-less computing, and expertise is perfectly suited to help Samsung meet the needs of its customers. Joyent will operate as a standalone company under Samsung and continue providing cloud infrastructure and software services to its customers.

Source: Samsung

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