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  1. Samsung Electronics says to acquire US cloud services firm Joyent

Samsung Electronics says to acquire US cloud services firm Joyent

Tech giant Samsung Electronics Co Ltd said on Thursday it will acquire U.S-based firm Joyent Inc to boost its cloud computing and "internet-of-things" capabilities for an undisclosed sum.

By: | Seoul | Published: June 16, 2016 9:10 AM
In a statement, Samsung said the acquisition will help it strengthen its cloud-related infrastructure and services. (Associated Press) In a statement, Samsung said the acquisition will help it strengthen its cloud-related infrastructure and services. (Associated Press)

Tech giant Samsung Electronics Co Ltd said on Thursday it will acquire U.S-based firm Joyent Inc to boost its cloud computing and “internet-of-things” capabilities for an undisclosed sum.

In a statement, Samsung said the acquisition will help it strengthen its cloud-related infrastructure and services.

Also Read: Samsung Electronics to launch Samsung Pay web payments app: Report

The company has been more active in making acquisitions in recent years, such as its purchase of LoopPay in 2015, seeking to bolster its software and services capabilities.

“We work closely with startups to bring new software and services into Samsung, and one of the ways we do this is by driving strategic acquisitions,” David Eun, President of Samsung’s Global Innovation Center, said in the statement.

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