SUBSCRIBERS
Samsung to buy software firm Joyent to grow cloud computing services
Published Thu, Jun 16, 2016 · 09:50 PM
Seoul
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Brokers’ take: DBS cuts Venture Corp price target after Q1 earnings miss
Garmin’s Q1 results beat on strong demand for fitness, auto products
Foxconn’s musical chairs sound like punk rock
US sets up board to advise on safe, secure use of AI
Regulate AI? How US, EU and China are going about It
Meta’s results are best viewed through rose-tinted AI glasses