Deals
Samsung Agrees to Buy Joyent to Expand Cloud Computing Services
This article is for subscribers only.
Samsung Electronics Co. will acquire Joyent Inc. to expand in cloud computing as the world’s largest smartphone maker looks beyond hardware for revenue growth.
The deal will help Samsung build its cloud infrastructure, the Galaxy maker said in a statement without disclosing a purchase price. The acquisition gives the Suwon, South Korea-based company its own platform to support mobile, internet of things and cloud services.