South Korean electronics giant, Samsung is eying to acquire U.S-based cloud computing firm Joyent Inc to boost its cloud computing and internet-of-things abilities.
The amount of the planned deal is not yet disclosed.
The company said in a statement that the acquisition will help it strengthen its cloud-related infrastructure and services.
The company has been more active in making acquisitions in recent years, such as its purchase of LoopPay in 2015, seeking to bolster its software and services capabilities.
David Eun, President of Samsung’s Global Innovation Center, said in a statement to media that the company is working with startups to bring new software and services into Samsung.