Telefónica has made an investment in cloud services/technology provider Joyent, a partnership that gives the telco giant access to the latest technologies and software for the deployment of high-performance and cost-efficient cloud services.
Telefónica's new digital unit is focusing on cloud-based services; the carrier expects Joyent's tech expertise will help it enhance its product offering, particularly for small and medium enterprises (SMEs) and small office/home office (SoHo) customers. The partnership combines Telefónica’s global scale and infrastructure with the cloud architecture developed by Joyent.
Joyent says it's different from other cloud providers in that it has developed its entire cloud software stack from scratch, resulting in significant cost reduction and efficiency, an easy-to-operate architecture and exceptional operational performance. The company claims to have proven experience in defining, exploiting, commercializing and operating a cloud business, with more than 12,000 public cloud customers in the U.S.
“This investment is further proof of our ambition in the area of cloud services and our strategy of working with the most innovative start-ups," said Matthew Key, chairman & CEO, Telefónica Digital. “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."
Telefónica Digital was formed to lead Telefónica’s growth strategy in the new digital world. Through a combination of research and development, partnership, investment and acquisition, the plan is to bring innovative products and services to market that allow it to drive continued growth in the core telecommunications market, as well as taking a leading role in new digital services such as entertainment, financial services, M2M, cloud computing and eHealth.
