HP acquires control of Autonomy Corporation

HP has acquired full control of Autonomy Corporation, one of the largest and most successful enterprise information management companies in the industry. Autonomy's software offerings power more than 25,000 customer accounts worldwide and, as part of HP, will provide high-value business solutions to help customers manage the explosion of unstructured and structured information.

“This is a historic day for Autonomy, our employees and the customers we serve, as we combine HP's phenomenal assets and Autonomy's specialized skills to produce systems that handle all the information in the enterprise, regardless of the format it is in,”said Lynch. “We are at the dawn of a new era when it is the ‘I' in IT that is changing, not just the ‘T.'”

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 Whitman.

This acquisition by HP positions them well in the marketplace and lends credence to the sustainable success of the ever expanding content management market in the midst of poor economic conditions worldwide. More and more enterprise companies are looking to this market for growth opportunities and this is just another example of how well this market has been doing of late.