Feeds

HP finally swallows Autonomy

Looks a bit queasy, starts doing little eggy burps

Intelligent flash storage arrays

HP has finally concluded the $10.24bn acquisition of Cambridge-based enterprise search and BI software firm Autonomy.

The £25.50-per-share offer was given the green light by 87 per cent of Autonomy's shareholders last night - a whopping 79 per cent premium on the stock price on 18 August when HP first lodged the bid.

Reaching this stage has not been plain sailing for HP: it was forced to extend the deal's deadline after Autonomy shareholders dragged their feet on the tie up even though a better offer was unthinkable.

Then CEO Leo Apotheker - who backed the bid for Autonomy as part of his vision to transform HP into an enterprise service and software firm - tendered his resignation after the public cock-up over HP's PC biz, WebOS and the Autonomy buy price.

Autonomy CEO Mike Lynch - who got involved in a spat with Oracle boss Larry Ellison recently - will lead HP's expanded software biz unit.

“We are at the dawn of a new era when it is the ‘I’ in IT that is changing, not just the ‘T'," said Lynch in a statement.

HP CEO Meg Whitman, who is still working out the fate of the Personal Systems Group, said gobbling Autonomy will help HP tackle the big data conundrum.

“The exploding growth of unstructured and structured data and unlocking its value is the single largest opportunity for consumers, businesses and governments,” she said. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.