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SAMSUNG ACQUIRES CLOUD COMPANY JOYENT


Cloud services company Joylent just got a bit of heavy artillery in its effort to fight the cloud wars.South Korean electronics giant Samsung announced Thursday that it is buying San Francisco-based Joylent for an undisclosed sum. Joylent will operate as an independent subsidiary of Samsung, which will be an "anchor client,"according to a blog post by Joylent CEO Scott Hammond.The move gives Joylent a better footing from which to battle cloud services giants Amazon Web Services and Microsoft Azure, which control 30% and 10% of the cloud market respectively. The spoils are lucrative. Cloud spending is booming, hitting $175 billion last year and projected to top $315 billion by 2019, according to Gartner.

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