Telecoms provider also makes equity investment in the company for use of its technologies and software as it looks to boost its product offering
TelefÃ³nica has signed an agreement with cloud and systems software provider Joyent to give it access to Joyent’s latest technologies and software for the deployment of cloud services.
TelefÃ³nica, which has also made an equity investment in Joyent, said cloud-based services are a key focus area for its new Digital unit, and that Joyent’s technology expertise will help it enhance its product offering, particularly for SME and SoHo customers.
It said the partnership combines its global scale and infrastructure with the cloud architecture developed by Joyent, which has over 12,000 public cloud customers in the US.
TelefÃ³nica chairman and CEO Matthew Key (pictured) said: “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.
“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.”
Joyent founder and CEO David Young said: “This strategic partnership and funding will enable us to expand our product offering to more regions and to evolve our products, taking advantage of the service provider vision brought by TelefÃ³nica.”