Samsung buys Joyent to kick off $1.2 billion investment in U.S.

Donal Power for readwrite | June 22nd, 2016

Samsung is pumping up its cloud-based capabilities with the acquisition of San Francisco-based Joyent for an undisclosed amount.

Information Week reports that Joyent’s private and public cloud computing services will support the South Korean electronics giant’s Internet of Things (IoT), mobile and cloud-based lines of business.

“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 Samsung Electronics CTO of Mobile Communications Injong Rhee in a press statement. “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.”

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