|Key people||Henry Wasik (CEO)
Jason Hoffman (CTO)
Bryan Cantrill (SrVP Engineering)
|Products||Node.js, SmartOS, Joyent Cloud, Joyent SmartDataCenter|
|Employees||100 (Aug 2011)|
|Divisions||Cloud Software, Cloud Hosting|
Joyent uses and supports open source projects, including Ruby on Rails, Node.js, Illumos and SmartOS, which is its own distribution of Illumos, featuring its port of the KVM Hypervisor for abstracting the software from the hardware, DTrace for troubleshooting and systems monitoring, and the ZFS file system to connect servers to storage systems. The company open-sourced SmartOS in August 2011.
Joyent has taken the software stack that evolved over time in the running of their hosted business and is now licensing that software under the name Smart Data Center to large hardware companies such as Dell.
Joyent was founded in 2004 under the name TextDrive by the Canadian typographer, art director, designer, writer and programmer Dean Allen, the creator of Textile markup, who was looking to create an ideal hosting environment for the content management system he was developing, Textpattern. TextDrive was incorporated in California in May 2004 with Allen as Chief Executive Officer and Jason Hoffman as President and Chief Operating Officer. TextDrive was positioned as "a hosting company run by and for people who love publishing on the web."
TextDrive provided infrastructure support to projects such as Ruby on Rails, WordPress, and TurboGears. The company hosted the high-profile magazine A List Apart, as well as the blogging service Wordpress.com. The company also took an early lead fighting comment spam on weblogs.
In November 2005, TextDrive merged with Joyent, a company working on an online collaboration tool which was demonstrated at the Web 2.0 Conference in October 2005, launched in March 2006 and discontinued in August 2011. The company is now focused on cloud computing software and services to service providers.
In 2004, TextDrive bootstrapped itself as a hosting company through crowd funding: customers were invited to invest money in exchange for free hosting for the lifetime of the company. TextDrive and, later, Joyent repeated the money-raising procedure a number of times in order to avoid the venture capital market. Joyent raised venture capital for the first time in November 2009 from Intel and Dell. Joyent's early institutional investors include El Dorado Ventures, Epic Ventures, Peter Thiel (Seed Round), Intel Capital (Series A, B Rounds), Greycroft Partners (Series A, B Rounds), Liberty Global (Series B Round). In January, 2012, Joyent secured a new round of funding totalling $85 million from Weather Investment II, Accelero Capital, and Telefónica Digital.
Lifetime hosting crisis and relaunch of TextDrive 
On August 16, 2012, individuals who had provided start-up and development funding to Joyent (and its predecessor, TextDrive) in exchange for lifetime shared hosting accounts with Joyent were informed, via email, that their lifetime hosting accounts would be deleted on October 31, 2012. Depending on the nature of their initial investment, they were offered either one or three free years of hosting on a Joyent SmartMachine, the company's cloud hosting solution, after which they would be moved to a regularly billed account. Customer backlash to the announcement turned out to be fierce. There is currently a class-action lawsuit pending.
On August 30, 2012, Textdrive co-founder Dean Allen announced that he was relaunching TextDrive as a separate company which will carry on Joyent's shared hosting business and honor the "lifetime" agreements. Allen plans to relaunch TextDrive on November 1, 2012, using Joyent infrastructure. He is confident he will succeed in building a viable business similar to DreamHost.
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