Autonomy forks out $375m for US expansion
Eats Zantaz Inc
Posted in Storage, 3rd July 2007 11:18 GMT
Free whitepaper – Avoiding costs from oversizing data center and network room infrastructure
Cambridge-based software firm Autonomy is buying US document storage and retrieval company Zantaz Inc.
The deal should complete by August, and generate savings of $25m a year.
Zantaz counts nine of the world's ten biggest law companies among its customers, and 11 of the Fortune 25, so Autonomy is buying a serious customer base.
Zantaz says it "redefines information risk management by proactively automating the full spectrum of consolidated archiving, e-discovery, analytics and real-time policy management uniquely in one system".
Autonomy specialises in what it calls "meaning-based computing", which mainly revolves around finding the right information at the right time, so combining that with archive storage makes technical sense.
The purchase is being paid for in cash, funded by a new share placing and a Barclays overdraft, as well as part of Autonomy's cash reserve - expected to still be around $75m after the deal is completed. ®
Free whitepaper – Fundamental Principles of Generators for Information Technology

Straight Talk with Dell: Sending out an SaaS
Analyst Keynote: The Register Agile Data Center Summit
Thermal design of the Dell PowerEdge T610, R610, and R710 servers
Seven ways to lower storage costs
Ensuring high service levels in cloud computing

Apple sues over knock-off power bricks
US Air Force orders 2200 Sony PS3s
HP takes one in the servers