Acer/iGware

Acer bets on cloud computing

Acer agrees to pay up to $395 million for US cloud-computing firm iGware in a move that some analysts question.
Acer Cloud is expected to become a key element of the company's offering AFP

Acer has struck a deal to buy US-based iGware for up to $395 million as the Taiwan computer company makes a bet on cloud computing.

Acer, which is the world’s second-biggest maker of personal computers and notebooks, agreed to pay $320 million upfront, plus another $75 million if it meets certain performance measures. The Taipei-based company, which earned revenues of almost $20 billion during the past fiscal year, intends to use iGware’s technology to establish its own cloud infrastructure, called Acer Cloud. iGware’s software is currently...

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