Telefonica Boosts Cloud Capabilities with Investment in Joyent

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Telef nica has taken an unspecified stake in cloud computing provider Joyent and will resell the company's hosting services.

Telefónica said that cloud-based services are a focus area for its new Digital unit which is headquartered in the UK.

Unlike other cloud technology providers, Joyent 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 has over 12,000 customers in the USA.

"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."

Tracy Isacke led the investment in Joyent for Telefónica Ventures. This is the second investment since Telefonica Digital was created in September 2011.

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