TechTaffy

tech:

taffy

Lenovo Acquires Cloud Computing Company Stoneware

By TechTaffy Desk

[Techtaffy Newsdesk]

Lenovo has acquired  cloud company Stoneware.

Financial terms of the deal were not disclosed. Stoneware has 67 employees, located in either Indiana or Salt Lake City, Utah. As part of this agreement, it is expected that all US-based Stoneware employees will join Lenovo.

The purchase of Stoneware is critical to Lenovo’s broader PC Plus strategy, says the company. As a result of this acquisition, Lenovo will add 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.

The acquisition is expected to be completed by the end of 2012.

[Image Courtesy: Stoneware]

Just in

Around the web

Windows 11 Start menu ads are now rolling out to everyone — The Verge

Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users, writes Tom Warren. 
Around the web

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.
IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.