The Traderszone Network

Published in TZ Latest News 17 June, 2016 by The TZ Newswire Staff

Instant Analysis: Samsung Snatches Up Cloud Computing Company

Cloud From Pins String
Image source: Getty Images.

Samsung Electronics (NASDAQOTH: SSNLF) acquired Joyent, Inc., a provider of public and private cloud computing, this week. In a press release, Samsung says the purchase allows it to have its own cloud platform that’s capable of supporting its mobile, Internet of Things (IoT), and cloud-based software and services. Neither company has disclosed the financial details of the deal. 

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