Thursday, November 25, 2010 / 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. / Technology - ‘Additional opportunity’ at Autonomy

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