HP announced on Monday that it has followed through with its intentions to acquire Autonomy and has purchased the enterprise information technology firm for £25.50 per share in cash. HP will allow Autonomy to operate as an entirely separate arm; Autonomy will continue to be led by its founder and CEO Dr. Mike Lynch, who will report to HP’s newly appointed CEO Meg Whitman. “We are committed to helping our customers solve their toughest IT challenges,” HP president and chief executive officer Meg Whitman said. “The exploding growth of unstructured and structured data and unlocking its value is the single largest opportunity for consumers, businesses and governments. Autonomy significantly increases our capabilities to manage and extract meaning from that data to drive insight, foresight and better decision making.” Read on for the full press release. More →
Woh. HP on Thursday announced that it is putting an abrupt end to its efforts with webOS. The company says it will “discontinue operations for webOS devices, specifically the TouchPad and webOS phones. HP will continue to explore options to optimize the value of webOS software going forward.” The news comes just ahead of the company’s third-quarter earnings report. HP also confirmed that it may spin off its PC business and that it is currently in talks with Autonomy regarding “a possible business combination,” as was reported earlier on Thursday. HP acquired the webOS platform in 2010 as part of its $1.2 billion Palm buy. Since then, the company has launched a single tablet, the TouchPad, and two smartphones, the HP Pre2 and the HP Veer. The company’s full press release follows below.