Telefonica buys cloud expertise
Telefonica is continuing to splash the cash to expand its capabilities, boosting its cloud computing capabilities with an investment in start up cloud specialist Joyent.
The Spanish incumbent’s venture capital arm handled the investment, which the operator claims will boost its new Digital division’s cloud ambitions by allowing it to leverage Joyent’s expertise to enhance cloud services for small and medium enterprises, and small and home office customers. Joyent has built up its knowledge launching and operating cloud services for 12,000 US businesses.
“Joyent’s technology fits perfectly with our in-house developed technologies and our cloud services model and enables us to provide more competitive offerings to a broader range of customer segments,” explains Matthew Key, chairman and chief of Telefonica Digital.
Telefonica’s investment forms part of an $85 million (€65.2 million) funding round conducted for Joyent by Weather Investments II. The cloud firm plans to use the monies to roll out new high-performance public clouds for global corporations throughout 2012.
The buy-in is Telefonica’s second in recent months, following its acquisition of Wi-Fi specialist Quantenna in November.