Lenovo has announced their intentions to enter into the cloud storage market. Their new service is called Reach and will feature a beta starting June 22. Consumers can preview the service, though only a few select testers will gain access to the beta.
The official launch will come "later this year", with the exact date depending on how smoothly the initial beta goes. Lenovo could have some trouble gaining market share as there are already a plethora of free cloud storage offerings. Google, Microsoft, Dropbox, and others offer centralized storage for free, with more space available for an up-charge.
With new software offerings like BitTorrent Sync, Lenovo could face even more difficulty obtaining users as some only use Dropbox for its syncing functionality. Sync has easily replaced Dropbox for my needs.
We'll have more on Lenovo Reach when an official announcement is made.