Lenovo Acquires Software Company Stoneware
Lenovo has announced the acquisition of software company Stoneware, a move that is sure to help the PC maker offer more cloud products.
The company is already the world’s second largest PC maker by shipments, and also has its foot in the door with cloud services, which allow Intel-based computers to connect to cloud services using APIs, reports CNet.
The company has a Secure Cloud Access, which already uses Stoneware’s WebNetwork, which is used to improve cloud application and device interaction throughout someone’s web browser.
The software company acquisition will help Lenovo on its goal to boost its cloud offerings by helping customers and users both remotely access their data or control multiple devices through one terminal.
Lenovo plans to keep all 67 of Stoneware’s employees, who are based in Indiana and Utah. The employees will join Lenovo in the coming weeks. Terms of the company’s acquisition were not disclosed. Peter Hortensius, senior vice president of Lenovo’s product group, stated that:
“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.”
Yahoo! Finance notes that, along with Web Network, LanSchool will also greatly benefit Lenovo as they seek to serve more users in the education and public sectors. Lenovo plans to help extend the research of both product, and will also offer more through their global reach as the number one commercial laptop company. Rick German, CEO of Stoneware, stated of the acquisition:
“We are pleased to be joining forces with Lenovo. 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.”
With the acquisition of Stoneware, Lenovo hopes to continue their marketing strategy of helping users easily and efficiently manage multiple devices, from tablets and laptops to their smartphones.