Samsung to acquire Joyent, target software and services market

Samsung, in its effort to tap into the software market, has shown the intent of buying cloud software and solution company, Joyent. This acquisition will gain Samsung its own cloud platform and it will not have to rent data centers of other companies for supporting its mobile, Internet of Things (IoT) and cloud-based technologies. Samsung claims that it will be able to stand the industry demands using Node.js, Joyent’s computing tool. In return, Joyent will use this opportunity to fuel the growth of its team and expand its data center footprint. Its main products, which help power mobile and web apps, include container infrastructure platform Triton and cloud-based object storage service – Manta. 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.”
Joyent states that it will leverage Samsung’s mobile division but will act as a standalone, independent company after acquisition. Meanwhile, the team at Joyent, including CEO Scott Hammond, CTO Bryan Cantrill and VP of Product Bill Fine, will join Samsung to work on the company’s cloud initiatives. Scott Hammond, CEO, Joyent, in a blog post said:
“This acquisition, though, is about more than just adding financial muscle and scale. Joyent and Samsung share a culture of innovation and technical excellence, and bring together a set of highly complementary cloud, big data, mobile and IoT technologies. 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 that deliver extraordinary simplicity and value to our customers. This will accelerate the speed of innovation for both companies in high growth market segments.”
“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,” he added. According to the company, smartphones, connected-devices, cloud computing has become fundamental in providing users with exciting and reliable services and experiences on their devices. This acquisition will allow Samsung to scale its own cloud infrastructure and services as it continues to innovate with new software and technologies. In another company blog, Bryan Cantrill, CTO, Joyent, said:
“We explained that we lacked sufficient hardware to be certain of the system’s performance at their desired level of scale. They (Samsung) offered to provide us with the necessary hardware to perform the test and a few weeks later (most of which was spent on the significant logistics of getting access to such a large quantity of hardware and assuring necessary levels of connectivity), we had results in hand which stated that we could achieve the level of scale that they desired.”

Abhinav Mohapatra

An author who has a keen interest for the ‘off-beat’ <!--more-->An author who has a keen interest for the ‘off-beat’, he has covered and explored multiple facets of the marketing, advertising

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