HP launches first products using Autonomy’s tech
HP launches first products using Autonomy’s tech
London: United States (US) group Hewlett-Packard has rolled out its first software using technology gained from its $12 billion acquisition of British group Autonomy, eight weeks after the deal closed.
The new platform processes unstructured information, such as telephone calls, emails and videos, and structured data in databases, making all forms of information searchable, HP’s vice president of information management, Mike Lynch, said.
HP has started selling Autonomy’s technology, used by governments and multinationals, to small and medium-sized firms, he said.
It acquired Autonomy as part of a shift towards higher-margin software that was accelerated with the arrival of former chief executive officer (CEO), Leo Apotheker.
Shareholders were less enthusiastic about Apotheker’s changes, resulting in his ousting in favor of former eBay boss Meg Whitman in September.
Lynch said he was relishing the opportunities available as part of the bigger group and, even after pocketing hundreds of millions of pounds from the deal, he was sticking around.
Many other Autonomy employees also received large payouts.
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