Acer bets on cloud computing

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...