Lenovo Buys Another Tech Co. To Grow Cloud Offerings

Law360, New York (September 18, 2012, 2:06 PM EDT) -- Lenovo Group Ltd. will snap up software maker Stoneware Inc., the companies said Tuesday, the latest in a string of acquisitions as the Chinese computer giant moves to expand cloud-based services to link its various devices.

The pair did not disclose financial terms of the deal and said the buy would not impact Lenovo's earnings. Indianapolis-based Stoneware's staff, several dozen strong, will switch over to Lenovo in the coming weeks, and the acquisition will be fully finalized by the end of the year, the companies said....
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