Biztech Sep 20, 2012
Lenovo has announced the acquisition of Stoneware Inc., to enhance and expand its cloud computing solutions, a key component of Lenovo’s product portfolio. Stoneware has built a strong, profitable, and growing business by delivering innovative software technologies, which are helping people and organisations make the complex environment of cloud computing that much simpler.
As a result of this acquisition, Lenovo will add significant new technologies and accelerate its capabilities for both commercial and consumer cloud offerings, particularly the ability to provide secure content across multiple devices in education and government.
Lenovo’s product portfolio will benefit from the experience and expertise of the Stoneware team. Stoneware already has several strong, highly innovative cloud products – including webNetwork and LanSchool – that serve millions of users primarily in education and the public sector. Lenovo will help extend the reach of these products as well as new offerings through its global reach. Lenovo will also help develop the opportunity to extend this technology, beyond the current strongholds that Stoneware has in government and in education, into more consumer-focused offerings over time.
“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, Senior Vice President, and President, Product Group, 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.
With today’s typical technology user carrying multiple devices, the PC Plus era is here, and Lenovo is aggressively expanding its product offerings and capabilities to help people and businesses connect across any device to the content and communities that matter most to them. Customers simply want a better way to connect their PC with their tablet and their smartphone, and with Stoneware, Lenovo aims to help them get there.
The purchase of Stoneware is critical to Lenovo’s broader PC Plus strategy. With the momentum of an expanding tablet and smartphone business and a newly formed joint venture with EMC, Lenovo aims to offer end-to-end secure solutions to business customers and compelling cloud-based technology to consumers.
“We are pleased to be joining forces with Lenovo”, said Rick German, CEO, 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.”
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