Lenovo Group buys cloud technology company Stoneware

September 18 Afternoon news, Lenovo Group Http://www.aliyun.com/zixun/aggregation/1719.html "> Senior Vice President Chen Xudong on Weibo announced that Lenovo has acquired Cloud security technology company stoneware. The financial details of the transaction are not disclosed.

The deal comes as Lenovo tries to expand its cloud computing business, a service that helps users gain access to remote data from a single computer or control different devices. As part of the cloud computing strategy, Lenovo last month signed an agreement with EMC to develop and sell networked storage devices.

Stoneware is Lenovo's first software company to help the company connect laptops and PCs to other devices such as tablets and televisions. The deal could further help Lenovo to increase its business PC market share, accelerate its expansion to more lucrative businesses, and help corporate clients build and maintain networks.

Headquartered in Utah State Salt Lake City, USA, Stoneware has 67 employees dedicated to providing cloud computing products for the public and educational sectors. The company's software can help users to share or store data remotely, which is compatible with a variety of devices. Stoneware also provides a teacher management system that helps teachers manage students ' different computers, assign assignments, and monitor what students are accessing.

Lenovo hopes to expand sales of these products through global sales channels and expand stoneware technology to boost consumer performance.

The merger is expected to be completed by the end of 2012 and will not result in any layoffs. (Ding Hong Loliang)

(Responsible editor: The good of the Legacy)