Samsung Acquires mSpot Mobile Cloud Provider

Samsung has announced the acquisition of Palo Alto based mSpot, a mobile cloud-based content provider.

The move will bring cloud-based entertainment, including music, video and radio services, to the owners of Samsung mobile devices. Going forward, Samsung smartphones and tablets are expected to have integrated mSpot offerings to help further tempt consumers into a purchase.

mSpot provides storage so users can access and playback their movies and music in the cloud, and furthermore offers streaming music and radio. The firm also does clever stuff such as matching your personal cloud-stored music collection up against internet radio stations, to find ones that you'll like based on your favourite artists.

TJ Kang, Senior Vice President of Samsung Electronics' Media Solution Centre, commented: "mSpot shares our vision to bring a best-in-class cloud and streaming entertainment experience to consumers, and they've backed it up with innovative technical solutions from a great engineering team."

mSpot Chief Executive Officer Daren Tsui said: "Samsung is unparalleled in terms of global reach and cutting edge devices; with our combined resources, we are looking forward to redefining media consumption across the mobile universe with cloud services."

Samsung noted that the acquisition includes the full run of mSpot's technology and assets, but declined to reveal any other details, such as the purchase amount.