Does HP still own Autonomy?
In 2017, HP sold its Autonomy assets, as part of a wider deal, to the British software company Micro Focus.
How much did HP buy autonomy for?
LONDON (Reuters) – Hewlett-Packard suffered “buyer’s remorse” over its disastrous $11 billion acquisition of Autonomy and was trying to pin the blame on UK entrepreneur Mike Lynch, London’s High Court heard on Monday in the closing stages of a multi-billion dollar case.
Who owned autonomy?
Hewlett Packard (HP)
Hewlett Packard (HP) has won a multibillion-dollar fraud case over its acquisition of a British software company. Cambridge-based Autonomy was sold to the US tech giant for $11bn in 2011.
Who owned Autonomy?
When did HP acquire Autonomy?
2011
HP bought Autonomy in 2011 but a year later it wrote down the value of the British company by $8.8 billion, saying it had uncovered serious accounting improprieties.
Who bought Autonomy?
HP
What did Autonomy sell?
Hewlett Packard (HP) has won a multibillion-dollar fraud case over its acquisition of a British software company. Cambridge-based Autonomy was sold to the US tech giant for $11bn in 2011.
When did HP acquire autonomy?
How much did HP pay for autonomy?
How much did HP pay for Autonomy?
Is autonomy owned by HP?
Though the company is integrating into HP Software, Autonomy remains a separate operational business. In 2017, HP sold its Autonomy assets, as part of a wider deal, to the British software company Micro Focus.
What happened to HPE autonomy?
September 2017: HPE finally sells its software business, of which Autonomy assets make up a small part, to UK-based Micro Focus International. HPE receives $2.5 billion in cash from Micro Focus, while its shareholders receive Micro Focus shares worth around $6.3 billion.
Why did hp shut down autonomy?
Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue. That discovery forced HP to write down the value of Autonomy by more than $5 billion, triggering a wave of shareholder lawsuits.
Who is the founder of autonomy?
1996: Lynch sets up Autonomy Corporation in the UK. Its Agentware internet search tools are used by enterprises including Barclays Bank and Unilever and sold as shrink-wrapped software through retail outlets.