An end to Open Text’s autonomy?
Mike Lynch, chief executive, has long said that the Cambridge-based company would make an acquisition “this autumn” after raising £500m in a convertible bond issue in February. Autonomy has a cash pile of about $1bn (£634m) to spend on an acquisition.
The software company has remained quiet over the identity of its target.
Analysts have speculated that it could include groups such as Open Text of Canada.