Feeds

Hits keep on coming: HP buys Autonomy for $11bn cash

Brit techbiz poster-boy Autonomous no more

Combat fraud and increase customer satisfaction

HP has confirmed it is buying Cambridge-based enterprise software company Autonomy for $10.24bn (£6.2bn).

The acquisition was half-confirmed during last night's conference call, when the ink giant said the two companies were "in talks".

But a statement from Autonomy this morning said the two company boards had agreed a cash offer of £25.50 per share – a 64 per cent premium on yesterday's close and between 50 and 58 per cent on average closing price over the last one and three months respectively.

The offer values the UK firm at £7,091m.

Autonomy directors have already signed away their holdings – 9.12 per cent – or £646m.

Mike Lynch, Autonomy's founder and CEO, said: "From our foundation in 1996, we have been driven by one shared vision: to fundamentally change the IT industry by revolutionising the way people interact with information. HP shares this vision and provides Autonomy with the platform to bring our world-leading technology and innovation to a truly global stage..."

HP said the takeover would strengthen its enterprise software business and its cloud-based products.

Mike Lynch will continue to run the company. ®

3 Big data security analytics techniques

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Brit boffins use TARDIS to re-route data flows through time and space
'Traffic Assignment and Retiming Dynamics with Inherent Stability' algo can save ISPs big bucks
Microsoft's Nadella: SQL Server 2014 means we're all about data
Adds new big data tools in quest for 'ambient intelligence'
prev story

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.