Feeds

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

Brit techbiz poster-boy Autonomous no more

Top 5 reasons to deploy VMware with Tegile

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
729 teraflops, 71,000-core Super cost just US$5,500 to build
Cloud doubters, this isn't going to be your best day
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
SAVE ME, NASA system builder, from my DEAD WORKSTATION
Anal-retentive hardware nerd in paws-on workstation crisis
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.