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Yahoo! Japan Acquires Stake in Cloud Storage Firm Basho

07/18/2012

…But in the Asia Pacific, Yahoo! Japan is making a big move for the cloud computing market, with its acquisition of cloud-storage firm Basho.

Yahoo! Japan has invested in the data center infrastructure business in Japan through its subsidiary IDC Frontier. Earlier this week, US-based cloud and database technology company Basho has announced that IDC Frontier is making a US$ 6.1 million strategic equity investment in the company. Under the investment, IDC Frontier will be integrating Basho's Riak distributed database and cloud-storage technology within its own cloud computing platform.

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