Yahoo Japan subsidiary IDC Frontier has invested $6.1 million in Basho Technologies, a U.S. distributed-data and cloud-storage technology firm, and will use Basho’s technology in its own cloud-computing platform, Basho said.<\/p>\n
IDC Frontier will deploy Cambridge, Mass.-based Basho’s riak software in its cloud platform and help Basho roll out its technology throughout Japan.<\/p>\n
Cloud computing is the delivery of computing and storage capacity that allows users to, for instance, rent servers and software to store data over a network.<\/p>\n
Yahoo Japan is a joint venture between Yahoo Inc. and Japan’s Softbank Corp., which together own a 35 percent holding in Yahoo Japan. It is considered one of Yahoo Inc.’s most valuable assets.<\/p>\n
Yahoo Inc. has considered selling its stake in Yahoo Japan. Earlier this year it sold part of its stake in China’s Alibaba Group, an ecommerce company, for $7.1 billion.<\/p>\n
IDC Frontier’s investment in Basho comes as Yahoo Inc. comes to grips with the appointment of its third chief executive officer this year.<\/p>\n
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