Samsung buys cloud infrastructure provider Joyent, will keep operating as standalone company

Samsung today announced that it has acquired Joyent, a company with public cloud infrastructure and private cloud software, both of which companies can use to build and deploy applications. Terms of the deal weren’t disclosed. Joyent will continue to operate as a standalone company, Samsung said in a statement.
“Until today, we lacked one thing. We lacked the scale required to compete effectively in the large, rapidly growing and fiercely competitive cloud computing market. Now, that changes,” Joyent chief executive Scott Hammond wrote in a blog post on the news.
Rumors about Joyent getting bought have circulated for years. Now, finally, it has happened.
Samsung use Joyent services, and Samsung will help Joyent expand its data center footprint — of course Samsung has a known brand name and money to invest, and those two things could help Joyent become more popular and potentially become a challenger to the top three cloud infrastructure providers: Amazon Web Services, Microsoft Azure, and the Google Cloud Platform. that has proven to be challenging: Dell, HP, and Rackspace have stepped away from the public cloud to focus on other areas.
In the private cloud arena there are VMware, Microsoft, Red Hat, and others to contend with.
Joyent last raised funding in 2014. Investors include El Dorado Ventures, EPIC Ventures, Intel Capital, LGI Ventures, Orascom TMT Investments, and Rally Ventures.
San Francisco-based Joyent started in 2004. Cofounder Jason Hoffman left his position as chief technology officer in September 2013 and joined Ericsson. Joyent was the original steward of server-side JavaScript framework Node.js and helped to establish the Node.js Foundation in 2015. Joyent itself has made acquisitions, including TextDrive.
Joyent customers include Nerve, Paper Culture, Quizlet, Storify, and Wanelo.

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Samsung buys cloud infrastructure provider Joyent, will keep operating as standalone company
Samsung buys cloud infrastructure provider Joyent, will keep operating as standalone company



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