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HP Acquires Control of Autonomy

By TechTaffy Desk

Holders of 213,421,299 Autonomy shares have accepted HP’s previously announced offer to purchase the entire share capital of Autonomy at a price of £25.50 per share in cash, representing approximately 87.34 per cent of the current issued share capital of Autonomy, Hewlett Packard (HP) said in a statement. As such, all conditions relating to the offer have now been satisfied, allowing HP to acquire control of Autonomy.

Autonomy’s software offerings power more than 25,000 customer accounts worldwide. Autonomy will operate as a separate business unit. Dr. Mike Lynch, the founder and chief executive officer of Autonomy, will continue to lead the Autonomy business and will report to Meg Whitman, HP’s new president and chief executive officer.

HP’s offer to purchase the remaining Autonomy shares remains open. Further information is available here.

 

Quote Unquote

Meg Whitman (President and chief executive officer, HP): The exploding growth of unstructured and structured data and unlocking its value is the single largest opportunity for consumers, businesses and governments.

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