Combination creates a company which aims to deliver efficient network-based applications with reliable and scalable infrastructure.

Joyent, a provider of web-based team collaboration software, yesterday announced that it has acquired TextDrive, a hosting and infrastructure provider.

The combination creates a company which promises to perform well in the market, which is seeing a shift to network-based applications.

"Joyent's innovative, network-based collaboration software combined with TextDrive's proven expertise in building high performance hosted solutions, creates a company delivering compelling network-based applications over a 100% reliable and scalable infrastructure," said David Young, CEO, Joyent. "Joyent's combined software and hosting capabilities now deliver a complete network-based application and infrastructure platform to our ISP, VAR, developer, and end-user customers."

"We are thrilled with this strategic combination, a perfect fit that forges a company with the talent to deliver our customers elegant and powerful network-based applications," said Dean Allen, former CEO of TextDrive and now President and Director of Joyent Europe. "We look forward to dazzling Joyent customers with TextDrive's unparalleled hosting services."