Lenovo, the personal computer maker, said on Tuesday that it would buy Stoneware, as the frenzy for cloud-based technologies continues.
Cloud-based computing, which allow users to access software and other services via the web, has been a hot area for deal-making in recent years.
In May, SAP, the German software company, bought Ariba for $4.5 billion. Oracle agreed to buy Taleo, which makers human resources software, for $1.9 billion in February, after paying $1.43 billion for RightNow Technologies last year. In 2010, Dell bought Boomi, a cloud computing start-up.
With Stoneware, Lenovo will add education and government related-services, with products like webNetwork and LanSchool.
“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,†Peter Hortensius, a senior vice president at Lenovo said in a statement. †œWe have a history of innovation and embracing new technologies, and the talented team at Stoneware will fit in perfectly with our long-term strategy.â€
The terms of the deal were not disclosed. Lenovo expects to complete the acquisition by the end of the year.
