Samsung buys Joyent to kick off $1.2 billion investment in U.S.

#Samsung is pumping up its cloud-based capabilities with the acquisition of San Francisco-based #Joyent for an undisclosed amount.

Information Week reports that Joyent’s private and public cloud computing services will support the South Korean electronics giant’s Internet of Things ( #IoT ), mobile and cloud-based lines of business.

“Samsung evaluated a wide range of potential companies in the public and private cloud infrastructure space with a focus on leading-edge scalable technology and talent,” said Samsung Electronics CTO of Mobile Communications Injong Rhee in a press statement. “In Joyent, we saw an experienced management team with deep domain expertise and a robust cloud technology validated by some of the largest Fortune 500 customers,”

http://readwrite.com/2016/06/22/samsung-buys-sf-based-joyent-push-deeper-cloud-pl4/

Taking A Closer Look At The Samsung-Joyent Deal

Last week #Samsung announced that it was acquiring #Joyent, a San Francisco-based cloud provider.

Even though the analysts declared that the public cloud market consolidation is over, this deal proves that there is still scope for M&A in the infrastructure segment. Interestingly, Joyent is not bought by a competitor or an enterprise infrastructure player looking at strengthening its position. Instead, the acquisition offer came from an unusual entity, which is the leader in the consumer electronics market.

http://www.forbes.com/sites/janakirammsv/2016/06/20/taking-a-closer-look-at-the-samsung-joyent-deal/#1cf2f910378d

Why Samsung’s Joyent buyout could frame its future

#Samsung 's acquisition of engineering-talent rich #Joyent marks a significant turn in strategy for the Korean device maker, one away from organically growing its intellectual property instead to acquiring it.

The deal not only moves Samsung away from its heavy reliance on #AWS for cloud infrastructure and services, but also gives it a framework from which to launch increasingly cloud-dependent mobile features, Internet of Things ( #IoT ) initiatives and possibly shepherd a dive into artificial intelligence ( #AI ), to say nothing of the enterprise mobility credibility it gains.

http://www.channelnomics.com/channelnomics-us/analysis/2461906/why-samsung-s-joyent-buyout-could-frame-its-future

Samsung will take on Google and Amazon in the cloud

#Samsung will take on #Google and #Amazon in the cloud With #Joyent, Samsung won't need to rely on Amazon and other storage companies.

Cloud computing! Doesn't the mere mention of it just get your blood pumping? Okay, it might be dull, but we all depend on those data centers for CPU-intensive services like Google Now and Siri, storage for photos, documents and video, and infinitely more. So, it's big news that Samsung has acquired Joyent, a US-based cloud platform, for an undisclosed sum. The company will be able to power its mobile apps, internet-of-things (IoT) business and storage, and possibly break into artificial intelligence (AI), an area dominated by Google, #IBM 's Watson and others.

The Korean company currently relies heavily on AWS, Amazon's cloud company, to power apps and storage for its mobile customers. Joyent will be able to take a lot of those chores on right away, and handle more in the future. "As we heard Samsung's vision -- which included using [our services] for a new generation of mobile- and IoT-based applications -- it was hard not to get excited," Joyent CTO Bryan Cantrill said in a blog post.

https://www.engadget.com/2016/06/16/samsung-will-take-on-google-and-amazon-in-the-cloud/