HP announced its acquisition of control of Autonomy Corporation plc through the purchase of 87.3 percent of the company’s shares $33.77 per share in cash. Autonomy will operate as a separate business unit.
This strategic acquisition positions HP as both leader of Autonomy and leader in the enterprise information management space. Autonomy powered more than 25,000 customer accounts worldwide and now as part of HP will provide business solutions for managing unstructured and structured information with cloud, data analytics and workflow management offerings.
“We are committed to helping our customers solve their toughest IT challenges. The exploding growth of unstructured and structured data and unlocking its value is the single largest opportunity for consumers, businesses and governments,” said Meg Whitman, HP president and chief executive officer. “Autonomy significantly increases our capabilities to manage and extract meaning from that data to drive insight, foresight and better decision making.”