Samsung is buying cloud computing startup Joyent - Recode

In other baffling Samsung news, see Report claims that Samsung is considering moving all of its devices to Tizen (9to5 Google)

"Samsung said late Wednesday it is buying startup Joyent, which provides hosted cloud computing to various companies.

In a blog post, Joyent CEO Scott Hammond said that his company would operate as an independent subsidiary serving existing customers while adding Samsung as an “anchor tenant” giving the company the heft it has lacked to compete against larger players, such as Amazon’s AWS and Microsoft’s Azure.

“We lacked the scale required to compete effectively in the large, rapidly growing and fiercely competitive cloud computing market,” Hammond said. “Now, that changes.""

Samsung is buying cloud computing startup Joyent - Recode