Feeds

Autonomy sews up Interwoven buy

Content management comes at big price

Intelligent flash storage arrays

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Preview redux: Microsoft ships new Windows 10 build with 7,000 changes
Latest bleeding-edge bits borrow Action Center from Windows Phone
Google opens Inbox – email for people too thick to handle email
Print this article out and give it to someone tech-y if you get stuck
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
UNIX greybeards threaten Debian fork over systemd plan
'Veteran Unix Admins' fear desktop emphasis is betraying open source
Entity Framework goes 'code first' as Microsoft pulls visual design tool
Visual Studio database diagramming's out the window
Google+ goes TITSUP. But WHO knew? How long? Anyone ... Hello ...
Wobbly Gmail, Contacts, Calendar on the other hand ...
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.