Lenovo Acquires Cloud Computing Company StonewareBy: Sean Patterson - September 18, 2012
Lenovo announced today that it has acquired cloud computing services company Stoneware Inc. Lenovo states that cloud computing solutions are now a key component of its product portfolio. The company expects the acquisition to speed along its offerings, particularly “the ability to provide secure content across multiple devices in education and government.”
Stoneware is a privately held company that develops cloud computing and classroom management software. It is currently headquartered in Indianapolis, Indiana and has 67 employees. The price paid for Stoneware has not been disclosed, but Lenovo did state the acquisition “is not material to Lenovo’s earnings.”
“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,“ said Peter Hortensius, president of the product group at Lenovo. “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.”
It seems that Lenovo will be focusing on the enterprise side of its business. Along with the acquisition announcement, Lenovo stated that it is “aggressively expanding its product offerings” to people and businesses, specifically emphasizing connectedness across multiple devices. Lenovo expects to leverage Stoneware’s software to help users connect PCs, tablets, and smartphones. The company “aims to offer” secure, end-to end solutions for business customers.
“We are pleased to be joining forces with Lenovo,” said Rick German, CEO of 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.”