China’s Lenovo buys cloud computing firm Stoneware

Published September 18, 2012 9:59am ET



HONG KONG (AP) — China’s Lenovo Group said Tuesday it’s buying small U.S. software company Stoneware as it seeks to gain a foothold in the rapidly growing field of cloud computing.

Lenovo, the world’s second biggest maker of personal computers, did not say how much it was paying for Carmel, In.-based Stoneware Inc., but said the acquisition would not affect earnings.

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