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Taiwan's Acer to acquire US cloud technology firm iGware
Jul 21, 2011, 12:09 GMT
Taipei - Taiwan computer giant Acer Inc plans to acquire US-based iGware, a leading cloud technology company, for 320 million US dollars, plus another 75 million US dollars for performance-based earn-out, Acer said Thursday.
Acer hopes to use iGware's technology to establish its own cloud infrastructure, called Acer Cloud, to serve and benefit Acer customers and enhance brand value, Acer said in a statement.
iGware, based in Silicon Valley, California, is a leading cloud technology provider, offering cloud-based device ecosystems, virtual consoles and personal cloud.
iGware's cloud software and infrastructure tools currently enable and support more than 100 million consumer devices worldwide including Nintendo's Wii, iDS and 3DS, and will support Wii U in future, according to the statement.
Acer regards the development of cloud technology as a major industry trend. In the next 10 years, Acer Cloud is expected to become a key element to create unique differentiation for Acer products, Acer said.
After the merger, iGware's legal entity will become Acer Cloud Technology Company, with subsidiaries in Taiwan and China to be set up.
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