Samsung to acquire U.S. cloud service provider Joyent

Samsung has announced that it will acquire U.S.-based cloud service provider Joyent. The South Korean vendor will leverage Joyent’s cloud platform for the Internet of Things, and powering its cloud-based services and software for mobile.

On Joyent’s blog, CEO Scott Hammond wrote:

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.

Joyent will be a part of Samsung’s mobile business unit, but will continue to function as a standalone entity. Scott Hammond, CTO Bryan Cantrill, and VP of product Bill Fine will join Samsung to work on “company-wide cloud initiatives.”

Samsung has previously acquired SmartThings for $200 million in 2014, giving it a foothold in the conneceted home segment. The South Korean manufacturer also acquired mobile payments service LoopPay last year, leveraging its patented Magnetic Secure Transmission (MST) technology in Samsung Pay.

In a blog post, Joyent CTO Bryan Cantrill talked about how the acquisition will “supercharge” Joyent’s technology.