No. 2 global PC maker Lenovo (LNVGY.PK) makes its first software acquisition count, agreeing to...

|About: Lenovo Group Ltd. ADR (LNVGY)|By:, SA News Editor

No. 2 global PC maker Lenovo (LNVGY.PK) makes its first software acquisition count, agreeing to buy Utah-based Stoneware to gain technology related to synchronizing data across mobile devices. Lenovo VP Mark Cohen says the company will use the acquisition to build a "public cloud" for consumers - and take on Apple's iCloud service.