AUTONOMY TO ACQUIRE CA TECHNOLOGIES INFORMATION GOVERNANCE BUSINESS
CAMBRIDGE, U.K. and ISLANDIA, N.Y. - June 9, 2010 - Autonomy Corporation plc Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software, and CA Technologies (NASDAQ: CA) today announced Autonomy's intention to acquire CA Technologies Information Governance business, further strengthening Autonomy's leadership position in Meaning Based Governance. Terms of the sale were not disclosed.
The asset acquisition includes CA Records Manager, a market leader in federated and physical records management and CA Message Manager, an industry leading solution for capturing and managing all messages according to corporate and regulatory requirements. In addition to the market-leading products, CA Technologies Information Governance employees will join Autonomy to continue to provide world-class sales, support and products to existing and new customers.
CA Technologies Information Governance customers will benefit from Autonomy's single platform for end-to-end eDiscovery, Archiving, Supervision and Records Management with scalability and advanced multilingual capabilities. CA Records Manager and CA Message Manager powered by IDOL information processing platform will bring advanced automation to information governance tasks based on IDOL's ability to understand the meaning of information. This will significantly reduce the levels of manual effort from that previously required. In addition to existing environments supported, Autonomy will extend connectivity for life cycle management across more than 400 content sources and 1,000 file types. Customers will also have the option to leverage both offerings hosted in Autonomy's secure private cloud, which currently hosts over 14 petabytes of data. Autonomy is continuing the support and enhancement of both CA Records Manager and CA Message Manager.
Commenting on the Acquisition, Neil Araujo, CEO of Autonomy iManage, said: "With the importance of transparency, regulatory oversight and consumer advocacy at an all-time high, the need for an end-to-end solution for Information Governance has never been stronger. The combination of Autonomy with CA Technologies Information Governance business will further strengthen Autonomy's solutions for the legal, regulatory and investigative markets. Autonomy's ability to extend its market-leading eDiscovery and Archiving offerings with the software assets and people of CA Technologies Information Governance business is a win-win for global 2000 companies, government regulators and leading law firms. We are confident that CA Technologies Information Governance customers will benefit from Autonomy's focus, innovation and long-term vision for this space."
"We are pleased to partner with Autonomy, which is committed to serving this space and growing its governance business," said Jacob Lamm, CA Technologies executive vice president for strategy and corporate development. "This deal works for both CA Technologies and Autonomy and, most of all, for the customers of CA Records Manager and CA Message Manager who will continue to have access to leading edge information governance products."
Based on current run rate of the business, the transaction is not expected to have a material impact on Autonomy's 2010 prospects or results, neither on revenue nor profits, nor (save for the payment of the cash consideration) on cash or cash flows of the group. CA Technologies said the sale is not expected to have a material impact on its fiscal year 2011 results.
The transaction is expected to close in early Q3 and is subject to customary closing conditions.
CA Technologies Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this communication (such as statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) constitute "forward-looking statements" that are based upon the beliefs of, and assumptions made by, the Company's management, as well as information currently available to management. These forward-looking statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. A number of important factors could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the ability to achieve success in the Company's strategy by, among other things, increasing sales in new and emerging enterprises and markets, enabling the sales force to sell new products and Software-as-a-Service offerings and improving the Company's brand in the marketplace; global economic factors or political events beyond the Company's control; general economic conditions, including concerns regarding a global recession and credit constraints, or unfavorable economic conditions in a particular region, industry or business sector; failure to expand channel partner programs; the ability to adequately manage and evolve financial reporting and managerial systems and processes; the ability to successfully acquire technology and software that are consistent with our strategy and integrate acquired companies and products into existing businesses; competition in product and service offerings and pricing; the ability to retain and attract qualified key personnel; the ability to adapt to rapid technological and market changes; the ability of the Company's products to remain compatible with ever-changing operating environments; access to software licensed from third parties, third-party code and specifications for the development of code; use of software from open source code sources; discovery of errors in the Company's software and potential product liability claims; significant amounts of debt and possible future credit rating changes; the failure to protect the Company's intellectual property rights and source code; fluctuations in the number, terms and duration of our license agreements as well as the timing of orders from customers and channel partners; reliance upon large transactions with customers; risks associated with sales to government customers; breaches of the Company's software products and the Company's and customers' data centers and IT environments; access to third-party microcode; third-party claims of intellectual property infringement or royalty payments; fluctuations in foreign currencies; failure to successfully execute restructuring plans; successful outsourcing of various functions to third parties; potential tax liabilities; and these factors and the other factors described more fully in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information in this communication, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
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. IDC recently recognized Autonomy as having the largest market share and fastest growth in the worldwide search and discovery market. 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 Banking Group, NASA, Nestle, 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.
About CA Technologies
CA Technologies (NASDAQ: CA) is an IT management software and solutions company with expertise across all IT environments - from mainframe and distributed, to virtual and cloud. CA Technologies manages and secures IT environments and enables customers to deliver more flexible IT services. CA Technologies' innovative products and services provide the insight and control essential for IT organizations to power business agility. The majority of the Global Fortune 500 relies on CA Technologies to manage evolving IT ecosystems. For additional information, visit CA Technologies at http://www.ca.com. Follow CA Technologies on Twitter at http://www.twitter.com/cainc.
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