Samsung Buys Joyent to Have a Cloud of Its Own

June 16, 2016, 12:26 PM UTC
LAS VEGAS - JANUARY 07: A general view of the Samsung booth at the 2010 International Consumer Electronics Show at the Las Vegas Convention Center January 7, 2010 in Las Vegas, Nevada. CES, the world's largest annual consumer technology tradeshow, runs through January 10 and is expected to feature 2,500 exhibitors showing off their latest products and services to about 110,000 attendees. (Photo by Ethan Miller/Getty Images)
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Joyent, a cloud computing company long thought to be on the block, is no longer for sale. Wednesday night Samsung Electronics said it is buying the company, which offers its own technology to run private and public clouds. Terms were not disclosed

San Francisco-based Joyent was one of a handful of veteran stand-alone companies with expertise in cloud computing. It faced an array of rivals in the OpenStack camp as well as tech behemoths Amazon (AMZN), Microsoft, and Google (GOOG) in the public cloud space where one provider amasses a huge stockpile of computing, storage, and networking gear and rents it out to customers.

Some companies prefer private clouds when they build their own non-shared infrastructure to offer the same ability to add and delete resources as needed.

In the past few years Joyent had stepped up its emphasis on containers—a buzzy way to deploy modern applications either on-premises or on private or public clouds.

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Joyent was founded in 2004 and has garnered about $126 million in funding from Intel Capital and others. It was a leading proponent of Node.js, a popular computer programming language, and has expertise in object storage as well.

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Samsung (SSNLF), the South Korean consumer electronics giant, said in a statement that Joyent will give it its own cloud platform to support Samsung’s “lineup of mobile, Internet of Things (IoT) and cloud-based software and services.”

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In that statement, Injong Rhee, chief technology officer of Samsung’s mobile communications business, said the company looked at a several companies in the public and private cloud infrastructure space and picked Joyent because of its management team, expertise and ” robust cloud technology validated by some of the largest Fortune 500 customers.”