Thursday, November 25, 2010

FT.com / Technology - ‘Additional opportunity’ at Autonomy

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.

FT.com / Technology - ‘Additional opportunity’ at Autonomy

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