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Samsung to Buy Cloud Company Joyent

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Jun 16, 2016, 7:15 AM by Eric M. Zeman

Samsung today said it has agreed to acquire Joyent, a U.S.-based cloud services provider. Samsung will use Joyent's assets to support various products, including mobile devices, internet of things, and its own cloud-based software. Samsung's competitors, such as Apple and Microsoft, offer cloud services like iCloud and OneDrive to help tie together their respective ecosystems. Joyent will help Samsung fill that gap in its online services. Joyent will continue to operate as a standalone company and will retain its current client base. Terms of the deal were not disclosed. The acquisition is subject to customary closing conditions.

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