Lenovo Acquires Cloud Computing Company Stoneware
Lenovo is acquiring their cloud computing company Stoneware. Stoneware will become a part of Lenovo’s “PC Plus” strategy. Lenovo said that Stoneware will help power their cloud computing power for commercial customers and consumers. Now their customers will have more options to store, share, and save content and files across multiple devices.
Lenovo especially sees value in the education and government sector where Stoneware’s products have the most traction. Stoneware’s flagship software platform webNetwork hosts cloud networks for organizations and they serve “millions of users.” Lenovo is the second large computer maker company.
“Adding Stoneware cloud computing into the Lenovo line up presents a significant opportunity to leverage their success, and enhance our PC+ offerings, all to the benefit of our customers,” stated Lenovo SVP and president of Lenovo’s product group Peter Hortensius. The financial details of this deal are not known. This will not affect their earnings though.
Stoneware has 67 employees in Indiana and Utah. The deal is expected to go through by the end of 2012. Stoneware will continue operating their products and services under Lenovo management.