HP acquiring Autonomy – The Enterprise Software Company

HP, the largest computer manufacturer is in talks to buy Autonomy, an enterprise infrastructure software company.  A report from Bloomberg states that HP is all set to buy the European infrastructure software company Autonomy for $10 billion.

Hewlett-Packard will discontinue its line of products running its WebOS operating system, including TouchPad tablets, the company said today.

Autonomy’s main technology, ‘Intelligent Data Operating Layer‘ (IDOL), allows search and processing of text taken from database, audio, video or text files or streams. The company’s software allows enterprises to provide insight and structure to electronic data, including unstructured information, such as text, email, web pages, voice, or video.

HP also reported that it is exploring ‘strategic alternatives’ for its Personal Systems Group, including a ‘full or partial separation of PSG from HP through a spin-off or other transaction.’

HP president and chief executive officer of HP said in a statement:

“Autonomy presents an opportunity to accelerate our strategic vision to decisively and profitably lead a large and growing space…Together with Autonomy, we plan to reinvent how both unstructured and structured data is processed, analyzed, optimized, automated and protected. Autonomy has an attractive business model, including a strong cloud based solution set, which is aligned with HP’s efforts to improve our portfolio mix. We believe this bold action will squarely position HP in software and information to create the next-generation Information Platform, and thereby, create significant value for our shareholders…Autonomy is a highly profitable and globally respected software company, with a well-regarded management team and talented, dedicated employees. We look forward to partnering with a company who shares our commitment to solving customer problems by creating smart, cutting-edge products and solutions.”

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