Samsung Buying Cloud Technology Services Provider Joyent

Samsung will buy cloud technology services provider Joyent, giving it access to its own cloud platform capable of supporting its lineup of mobile, IoT and cloud-based goods and services, Samsung said in a Thursday announcement. Terms weren’t disclosed, and the deal remains subject to customary closing conditions, Samsung said. As smartphones and connected devices “have taken hold across the world,” cloud computing has become “fundamental in providing users with exciting and reliable services and experiences on their devices,” Samsung said. Joyent’s technology will bolster Samsung’s leadership position in IoT, “while allowing Samsung to scale its own cloud infrastructure and services as it continues to innovate with new software and technologies,” the company said.