Friday, August 19, 2011

Why HP is betting the farm on Autonomy — Tech News and Analysis

Because it was the biggest enterprise software vendor HP could afford

Hewlett-Packard announced Thursday plans to spend some $10.25 billion in cash to acquire Autonomy, the United Kingdom-based software and services company.

Given that HP’s cash reserves currently total $12.9 billion, the deal represents a major monetary outlay that will leave the company’s wallet significantly lighter than it has been for many years. Why is HP is taking such a huge leap?

Why HP is betting the farm on Autonomy — Tech News and Analysis

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