Samsung to Acquire Joyent Cloud Based Company

This acquisition is meant to boost the prospects of the cloud based services on the Samsung mobile services to compete with the big competitors in the marketplace.

joyent  Electronic device giant Samsung Corporation announced this week that it is going to acquire Joyent, the cloud computing based service provider company. All financial, technical and commercial aspects have been finalized between the two companies, according to the announcement made by Samsung. Although, the financial terms and conditions for the acquisitions have not been disclosed in the official statement.

It was further informed in the statement that the major objective of this acquisition is to boost the cloud computing based services offered on the Samsung mobile devices, especially the mobile apps and other associated services to compete with the top competitors of the company in the marketplace.

Meanwhile, the official blog of the company states that the existing top member of Joyent will continue working with the Samsung corporation on its cloud project, which envisions the future of the company to progress. Joyent will not be merged into the organization, but it will operate as an standalone company for the cloud project.

“As a result of this acquisition, Samsung will become an anchor tenant for Joyent’s Triton and Manta solutions, and will help fuel the growth of our team and the expansion of our worldwide data center footprint. 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,” CEO, Joyent Company, Scott Hammond wrote in his official blog.

Earlier this major acquisition of US based company, two major companies were also acquired by the Korean giant to strengthen its mobile payment portfolio. These companies include LoopPay and SmartThings, whicy were acquired during the last couple of years.

Many technical experts in the field believe that Joyent was positioning for acquisition for quite a few years, but could not succeed. The main reasons for the present acquisition for Samsung are the Triton, a container infrastructure platform and the Manta, which is cloud based object storage services offered to many reputed clients in the marketplace.

This acquisition will increase the prospects of the cloud based services on the Samsung devices.

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