Hewlett-Packard has sent shock waves in the IT world by announcing his retirement from personal computers and 7 billion pounds of capture Autonomy Corporation, the largest software companies in the UK.
The autonomy of the co-founders Mike Lynch and Richard Gaunt a chance to earn £ 566m from the sale of the business that they started with a £ 2,000 loan, that will be the largest sale of a European software manufacturer and the largest UK company falls under the hammer was bought by Cadbury U.S. group Kraft in the past year for £ 11.5bn.
We offer a Hewlett-Packard in the amount of £ 25,50 share was unanimously adopted by the Authority board, which will now recommend to its shareholders.
Lynch will continue to lead the Authority and the company still retains its significant research and development headquarters in Cambridge.
HP, the world's largest maker of personal computers, today announced that a strategic review unit, which he hoped would lead to the sale or separate listing of the stock market over the next year to 18 months.
Leo Apotheker, the new CEO of HP, wants to shift business from the production of the hardware side of cloud computing - software deployment and storage of information via the Internet.
Tablet PCs, in particular IPad Apple, starting to eat into the market for laptops and Apotheker believes the consumer will be able to adapt HP business more quickly, as independent entities.
He said: "Autonomy is an opportunity to accelerate our strategic vision to strongly and profitably to a large and growing area of autonomy brings HP a high value business solutions that help customers manage the information explosion.".
Autonomy specializes in "unstructured" looking for large companies, allowing them to light their own databases and search the content of letters, telephone calls and video, to find information that can be used to detect fraud and ensure legal compliance.
Like HP, he also moved to the cloud. At present, it stores data on behalf of its clients, including Coca-Cola, Nestle and the U.S. Securities and Exchange Commission. Earlier this year, the Cambridge-based company spent $ 380 buying a digital archiving business with Iron Mountain's stock company.
Autonomy said in a statement: "This is a momentous day in the history of autonomy from our founding in 1996 we have had one common vision: .. to fundamentally change the IT industry, revolutionizing the way people interact with information, HP shares this vision and provides autonomy to the platform to bring our leading technology and innovation to a truly global stage, making the transition to the next century knowledge-based economy a reality. "
The news began to leak after the London Stock Exchange closed, he took British traders by surprise.
Autonomy shares were among the top 10 fallers in the FTSE 100 on Thursday, ending the day up 8.3% to £ 14,29. HP offer represents a premium of approximately 64% to the closing price of 15.58 pounds per share on Wednesday.
Lynch was a fractious relationship with the British investment community, complaining that their American counterparts, who make up about 50% of the shareholders of autonomy, a better understanding of the potential for IT companies.
In the past two years, the value of shares has not risen much above 20 pounds.The success of the business model of autonomy was never any doubt - his ability to extract information even better than Google in the complexity and diversity of data that can make a connection between them.
Autonomy reported full year revenue for 2010 of $ 870 million, up 18% from a year earlier, while profit before tax amounted to $ 379m, compared with $ 323m in 2009.
But observers have raised questions about the management style of the company.
Last summer, Deutsche Bank analyst Marc Geall, former head of investor relations for autonomy, a report which stated: ". The structure of the management, control and management autonomy, more representative of the start-up than the big global players in the senior management team of talented, but not enough bandwidth. This can lead to paralysis of some sort of solution. "
Lynch ability to create value beyond doubt. Autonomy was a turnover of $ 1.5 million, when in was floated in 1998 at 30 pence per share. His departure from the London Stock Exchange will take a wise man, as the only other major independent software company of Great Britain.
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