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Chinese PC giant to buy Carmel software firm Stoneware

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The giant Chinese personal computer maker Lenovo Group said it's buying Carmel-based software developer Stoneware Inc. as it seeks to gain a foothold in the rapidly growing field of cloud computing.

Lenovo did not say how much it was paying for Stoneware, which has 67 employees spread between Indiana and Salt Lake City. The companies said all Stoneware employees would join Lenovo and there would be no job cuts.

Lenovo said Tuesday it was buying Stoneware to "enhance and expand" its cloud computing business. The term refers to storing documents and software applications at remote data centers and allowing users to access them through smartphones, tablet computers, laptops and other Internet-connected devices.

"Stoneware has built a strong, profitable, and growing business by delivering innovative software technologies, which are helping people and organizations make the complex environment of cloud computing that much simple," Lenovo said in a press release.

Lenovo said 12-year-old Stoneware already has profitable and highly innovative products serving primarily the education and public sector markets. The Chinese company plans to use its global reach as the world's second-largest PC maker and No. 1 commercial laptop maker to expand Stoneware's products into the vast consumer market.

Stoneware produces software used mainly by governments and schools to synchronize data across multiple mobile devices, Mark Cohen, a Lenovo vice president, said.

The purchase is expected to close by the end of 2012.

The acquisition is Lenovo’s second in less than three weeks as CEO Yang Yuanqing expands the company to take on rivals including Apple Inc. and Samsung Electronics Co. in smartphones, tablets and Internet-ready televisions. Lenovo will use Stoneware to build a “public cloud” for consumers, Cohen said. The service would compete with Apple’s iCloud, which lets users store music, movies and applications and access them by the Internet and wirelessly.

The deal “helps us access and interface with users in a way that we haven’t been able to do,” Cohen said. “We are not trying to remake ourselves into a software company. What we’re trying to do is selectively enter the software market where we can make a difference for our customers, and to support our overall strategy.”

Lenovo, whose headquarters are in Beijing and Morrisville, N.C., has focused previous acquisitions on hardware. It bought the PC division of International Business Machines Corp. in 2005. Last year, the company acquired control of Medion AG, an Essen, Germany-based computer maker, and the PC unit of Tokyo-based NEC Corp.

On Sept. 5, Lenovo announced plans to buy the Sao Paulo, Brazil-based consumer-electronics group known as CCE for about $147 million.

Lenovo has been in a partnership to re-sell Stoneware’s software for the past two years, during which time the company’s revenue doubled, Stoneware CEO Rick German said, without supplying more specific details.

German said the deal may lead to further growth for the local operations, but he said there were no specific goals in mind.

Lenovo will expand Stoneware’s cloud-computing offerings to consumers in “the next couple quarters,” Cohen said.

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

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