Lenovo Group this week announced the acquisition of Stoneware to enhance and expand its cloud computing solutions. As a result of this acquisition, Lenovo gets 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.
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 as the world’s second largest PC maker and number one commercial laptop company. 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.
With today’s typical technology user carrying multiple devices, the PC Plus era is here, and Lenovo is 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 with 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. As a recognized leader in PCs, 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.
While financial terms of the deal were not disclosed, the acquisition is not material to Lenovo’s earnings. Stoneware has 67 employees, located in either Indiana or Salt Lake City, Utah. As part of this agreement, it is expected that all U.S.-based Stoneware employees will join Lenovo, and that there will be no job losses as a result of today’s announcement.
The acquisition is expected to be completed by the end of 2012 and in the coming weeks the Stoneware team will be fully integrated into Lenovo. The Stoneware team will remain in Indiana and Utah and will continue to sell both webNetwork and LanSchool while serving customers and partners with the same level of dedication and excellence.