As part of its strategy to expand its cloud computing offerings, Lenovo (News - Alert) will acquire software company Stoneware, Inc. The deal is set to close by the end of the year. Financial details were not disclosed.
Under the acquisition, Lenovo said it will add new technologies and ramp up its commercial and consumer cloud products, particularly the ability to provide secure content across multiple devices in education and government, according to Peter Hortensius, senior vice president and president of Lenovo’s Product Group.
“Adding Stoneware cloud computing into the Lenovo line up presents a significant opportunity to leverage their success, and enhance our PC Plus offerings, all to the benefit of our customers,” Hortensius said in a company statement. “We have a history of innovation and embracing new technologies, and the talented team at Stoneware will fit in perfectly with our long-term strategy.
Lenovo, the world’s second largest PC maker, will expand its product portfolio by adding Stoneware’s cloud products – including webNetwork and LanSchool – which serve millions of users primarily in education and the public sector.
Over time, according to Lenovo officials, the Hong Kong-based company plans to expand on Stoneware’s technology, moving beyond its strongholds in government and education into more consumer-focused products.
The purchase of Stoneware is critical to Lenovo’s broader PC Plus strategy. The PC business has become one of the technology industry’s least profitable and slowest growing areas. However, with an expanding tablet and smartphone business and a newly formed joint venture with EMC (News - Alert), Lenovo plans to offer broader products to business customers and cloud-based technology to consumers.
“We are pleased to be joining forces with Lenovo,” said Rick German, CEO at Stoneware. “Lenovo is one of the largest and fastest growing technology companies in the world and for Stoneware, a small company with roots in the heartland of the United States, we are delighted to be given the opportunity to deliver real benefit to customers on a global stage.”
Stoneware has 67 employees, located in Indiana and Salt Lake City, Utah. As part of the agreement, Lenovo said U.S.-based Stoneware employees will remain in Indiana and Utah and continue to sell both webNetwork and LanSchool.
There will reportedly be no job losses as a result of the acquisition.
In August, Lenovo announced it formed a server technology development program in partnership with EMC, designed to expand Lenovo’s capabilities in the x86 industry-standard server segment. Company officials said the servers will be brought to market by Lenovo and eventually be embedded into selected EMC storage systems.
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