HP completes Autonomy deal

News

HP completes Autonomy deal

Simon Quicke

Hewlett-Packard has completed the buyout of Autonomy despite the departure of the man who coordinated the takeover.

The deal masterminded by the former HP CEO Leo Apotheker was widely criticised for costing too much at $12bn (£7.8bn) and was one of the key planks of the final strategic announcements made before the tide turned and the vendor replaced its leader.

Meg Whitman, who replaced Apotheker as CEO last month, indicated that although some of the other plans announced by her predecessor might be reviewed the Autonomy deal would go ahead. The other plans to spin-off the Personal Systems Group (PSG) are expected to be shelved.

Autonomy specialises in mapping unstructured data which is not usually captured in databases and allows users to capture information from a variety of sources including email and social media.

"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."

Join the conversation Comment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.