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Yahoo Japan buys stake in cloud storage firm Basho

2:59 am on Jul 18, 2012 (gmt 0)

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Yahoo Japan invests in another Japanese named company. ;)
Yahoo Japan buys stake in cloud storage firm Basho [reuters.com]

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.

IDC Frontier will deploy Cambridge, Mass.-based Basho's riak software in its cloud platform and help Basho roll out its technology throughout Japan.

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.

Cloud storage in Japan hasn't really taken off yet. This could work out well for Yahoo Japan.