Samsung to Acquire Public and Private Cloud for IoT Applications

Grazed from Engineering. Author: Editorial Staff.

Samsung Electronics recently announced its plans to acquire the public and private cloud provider Joyent. While Joyent will continue to operate as an independent company, Samsung hopes to soon be able to take advantage of Joyent’s cloud technology to further its own Internet of Things (IoT) and cloud-based initiatives.

Though the acquisition is yet to be finalized, both companies can expect to benefit from the partnership. Joyent offers several cloud solutions, including Node.js production support, containers as a service and scalable object storage. On the other hand, Samsung’s brand, capital and global scale offer Joyent plenty of room to grow…

“We are excited to join the Samsung family,” said Joyent CEO Scott Hammond. “Samsung brings us the scale we need to grow our cloud and software business… and a partner for innovation in the emerging and fast-growing areas of mobile and IoT, including smart homes and connected cars.”…

Read more from the source @ http://www.engineering.com/IOT/ArticleID/12457/Samsung-to-Acquire-Public-and-Private-Cloud-for-IoT-Applications.aspx