Samsung announces purchase of US cloud provider Joyent

By midian182
Jun 16, 2016
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  1. When it comes to cloud computing services, the big three names are Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform. But now it seems that Samsung is looking for a slice of the action; the Korean firm has announced that it is acquiring US cloud company Joyent.

    The financial details of the transaction haven’t been revealed, and it is still subject to customary closing conditions.

    Joyent will operate as a standalone company once the acquisition is complete. The cloud firm will become a Samsung subsidiary and continue to provide its services to customers, which include Nerve, Paper Culture, and Storify.

    The deal is mutually beneficial for both companies. Samsung will have access to its own cloud platform that can support its growing lineup of mobile, Internet of Things, and cloud-based software and services. Joyent, meanwhile, will be able to use Samsung’s financial muscle, global network, and brand name to expand the company and increase its worldwide reach.

    Joyent CEO Scott Hammond wrote in a blog post: “[..] until today, we lacked one thing. We lacked the scale required to compete effectively in the large, rapidly growing and fiercely competitive cloud computing market. Now, that changes. We are happy to announce that Joyent is adding the scale we need: Samsung is acquiring Joyent. 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."

    Samsung has been actively looking to acquire software developers as the company aims to lessen its reliance on hardware manufacturing for revenue growth.

    The acquisition will mark the third US tech company Samsung has acquired in the last two years. It bought IoT startup SmartThings in 2014 for $200 million, and last year it purchased Massachusetts-based LoopPay, which developed the magnetic secure transmission (MST) used by Samsung Pay.

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  2. Uncle Al

    Uncle Al TS Evangelist Posts: 3,184   +1,861

    So, everyone gets sooooo excited about the cloud. Exactly what does it do that wasn't being done in the 1980's with the bank of IBM storage? Oh sure, it's accessible with lots of other devices via the internet but that speaks of the technological capability of the devices and the pathway, not "the cloud". Isn't this just another marketing ploy to make something old look "new and improved" among other great marketing spin???
  3. bmw95

    bmw95 TS Maniac Posts: 190   +155

    Mostly what developers can use it for and the options available to them currently. For example, I can sign up for an azure account, build a web app, and then run a load test that will simulate heavy traffic on the app using MS servers across the world. The test would give me a could idea of how well the app scales, and after improvements are made, will give me a good idea of how to properly configure auto scaling and auto provisioning of new servers as the user base grows. You can also use in-house built A.I./Machine Learning technologies when constructing apps that are smart enough to make predictions (such as recommended products, etc). The amount of options available is insane with what you can do, and even though I've continually looked into learning more, I've only just uncovered the tip of everything available D:. So although there probably was a 'cloud' in the 1980's, the reason why it's making such a difference today is because advancements in server, code, and scripting technology have made the cost of entry for developers much much lower. This translates into lower monthy cost web apps for the end user.

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