Feeds

Autonomy sews up Interwoven buy

Content management comes at big price

Securing Web Applications Made Simple and Scalable

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. ®

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
NO MORE ALL CAPS and other pleasures of Visual Studio 14
Unpicking a packed preview that breaks down ASP.NET
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
KDE releases ice-cream coloured Plasma 5 just in time for summer
Melty but refreshing - popular rival to Mint's Cinnamon's still a work in progress
Cheer up, Nokia fans. It can start making mobes again in 18 months
The real winner of the Nokia sale is *drumroll* ... Nokia
Put down that Oracle database patch: It could cost $23,000 per CPU
On-by-default INMEMORY tech a boon for developers ... as long as they can afford it
Another day, another Firefox: Version 31 is upon us ALREADY
Web devs, Mozilla really wants you to like this one
Google shows off new Chrome OS look
Athena springs full-grown from Chromium project's head
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.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.