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Technology Stocks : Cloud, edge and decentralized computing
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From: Sr K6/15/2016 11:16:14 PM
   of 1685
 
WSJ
11:00 PM

Samsung to Buy U.S. Cloud Services Firm
Acquisition of Joyent shows device maker is pushing to beef up software and services

[excerpt]

While the deal would bring revenue streams from Joyent’s outside clients under Samsung’s roof, Samsung didn’t make the acquisition to generate sales from web services, said Injong Rhee, chief technology officer of Samsung’s mobile division, who oversaw the deal.

Instead, Mr. Rhee said in an interview that Samsung is acquiring Joyent as a growing user of cloud computing services itself, and will effectively become Joyent’s largest client. Samsung currently relies heavily on Amazon and Microsoft for cloud services, and adding Joyent would give it another source of processing power, while giving Samsung a direct stake in the field of cloud services, he said.
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