Hewlett-Packard has insured plenty shares of Autonomy to take control of the U.K. company, HP declared Monday. Shareholders owning 87 % of Autonomy's stock have consented HP's give to buy the company for £25.50 per share, or about US$10.3 billion, HP said in a regulative filing.
"As such, entire considerations relating to the give have now been fulfilled, permiting HP to acquire control of Autonomy," HP said.HP declared plans to purchase Autonomy last month, on the similar day it said it would scrap its TouchPad evolution and consider spinning off its PC business. The deal, engineered by former CEO Leo Apotheker, was a controversial one, with few saying HP extended too high a cost. HP has since appointed a latest CEO, former eBay chief Meg Whitman, who has stood behind the deal.
Autonomy is the U.K.'s biggest independent software vendor. It makes a broad range of data direction products, adding software that searches via company papers for compliance and archiving purposes. It also functions a public cloud that storages petabytes of corporate information. Before this year, IDC said Autonomy was one of the fastest-growing search and discovery vendors.
HP ordered the handle will toughen its information analyzability, cloud and work flow direction offerings, and assist its client supervise ever-arousing volumes of information. Liberty will work as a distinguish business unit, let by collapse and CEO who will report to Whitman. As HP now has control of the company, it said it would go out its give open "till further discover" so that more stockholders can extend their shares.