AUTONOMY COMPLETES ACQUISITION OF INTERWOVEN, INC.
Cambridge, England - 17 March 2009 - Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software, today announced that it has completed the acquisition of Interwoven, Inc., a global leader in content management software.
Dr. Michael Lynch, group CEO of Autonomy said: "We are very pleased to announce the completion of the acquisition of Interwoven. With this acquisition we will redefine how global 2000 corporations interact with the web and how leading law firms and government regulators will discover, analyze and manage information and interactions." Dr. Lynch continued, "With the addition of Interwoven to the Autonomy group, the intelligence of Autonomy's IDOL technology can be used to extend Interwoven's web content capabilities across 100,000 corporate websites, intranets and extranets already powered by Interwoven. The value, issues and risks associated with unstructured information are and will remain squarely on the enterprise agenda. As the only vendor capable of automating operations across all forms of unstructured information, Autonomy remains uniquely positioned in the market."
On 22 January 2009, Autonomy and Interwoven announced that they had entered into a definitive merger agreement for Autonomy to acquire Interwoven for $16.20 per share. Following the close of the transaction Anthony Bettencourt, formerly CEO of Verity, Inc. at the time of its acquisition by Autonomy, will assume the role of divisional CEO of Autonomy Interwoven. Joe Cowan, formerly CEO of Interwoven, Inc., has joined Autonomy group management reporting directly to Dr. Lynch.
Autonomy's Q1 results are expected to be announced in mid to late April 2009 when the Company will provide an update on the progress of the integration of Interwoven. As at today's date, Bloomberg consensus analysts' estimates for stand alone Autonomy are revenues of $119.9 million with adjusted EPS of $0.14, and updated consensus analysts' estimates for the period, including the contribution from Interwoven during the stub period under Autonomy's ownership in the first quarter 2009 are revenues of $125-$128 million and EPS of $0.14 to $0.15.
About Autonomy
Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, spearheads the Meaning Based Computing movement. It was recently ranked by IDC as the clear leader in enterprise search, with market share nearly double that of its nearest competitor. Autonomy's technology allows computers to harness the full richness of human information, forming a conceptual and contextual understanding of any piece of electronic data, including unstructured information, such as text, email, web pages, voice, or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including pan-enterprise search, customer interaction solutions, information governance, end-to-end eDiscovery, records management, archiving, business process management, web content management, web optimization, rich media management and video and audio analysis.
Autonomy's customer base is comprised of more than 20,000 global companies, law firms and federal agencies including: AOL, BAE Systems, BBC, Bloomberg, Boeing, Citigroup, Coca Cola, Daimler AG, Deutsche Bank, DLA Piper, Ericsson, FedEx, Ford, GlaxoSmithKline, Lloyds TSB, NASA, Nestlé, the New York Stock Exchange, Reuters, Shell, Tesco, T-Mobile, the U.S. Department of Energy, the U.S. Department of Homeland Security and the U.S. Securities and Exchange Commission. More than 400 companies OEM Autonomy technology, including Symantec, Citrix, HP, Novell, Oracle, Sybase and TIBCO. The company has offices worldwide. Please visit www.autonomy.com to find out more.
Autonomy and the Autonomy logo are registered trademarks or trademarks of Autonomy Corporation plc. All other trademarks are the property of their respective owners.
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