Feeds

Autonomy sews up Interwoven buy

Content management comes at big price

The Power of One Brief: Top reasons to choose HP BladeSystem

Autonomy is buying its way into the US legal software market by paying $775m for California-based Interwoven.

UK-based Autonomy will pay $16.20 in cash per share - a 36 per cent premium on Interwoven's average share price in the last month.

Interwoven, listed on Nasdaq, makes content management and compliance software. The deal is being funded by a $200m revolving credit facility from Barclays and from Autonomy's cash pile.

The two firms will have 20,000 customers between them.

Autonomy believes the deal will give it access to compliance contracts especially at top-end law firms. It will give a chance to sell Autonomy technology to Interwoven's web management customers. By bringing together Autonomy's Digital Safe produce and Interwoven's Team Suite which archive changes on websites, they will be able to provide compliance to new regulations governing information which is shown to customers.

Autonomy chief exec Mike Lynch welcomed the deal, and said shared customers and partnerships meant his company was already familiar with Interwoven's managment and products.

The deal needs shareholder and regulator approval. It is hoped to close in the second quarter of 2009.

Full statement here. ®

Securing Web Applications Made Simple and Scalable

More from The Register

next story
Apple fanbois SCREAM as update BRICKS their Macbook Airs
Ragegasm spills over as firmware upgrade kills machines
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
Mozilla fixes CRITICAL security holes in Firefox, urges v31 upgrade
Misc memory hazards 'could be exploited' - and guess what, one's a Javascript vuln
NO MORE ALL CAPS and other pleasures of Visual Studio 14
Unpicking a packed preview that breaks down ASP.NET
Captain Kirk sets phaser to SLAUGHTER after trying new Facebook app
William Shatner less-than-impressed by Zuck's celebrity-only app
Cheer up, Nokia fans. It can start making mobes again in 18 months
The real winner of the Nokia sale is *drumroll* ... Nokia
EU dons gloves, pokes Google's deals with Android mobe makers
El Reg cops a squint at investigatory letters
Chrome browser has been DRAINING PC batteries for YEARS
Google is only now fixing ancient, energy-sapping bug
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.