The board of Cambridge, UK-based Autonomy has unanimously recommended its shareholders accept a £7.1 billion offer from technology giant HP.
Founded in 1996, Autonomy provides infrastructure software to a customer base of more than 25,000 companies, law firms and public sector agencies globally. It has approximately 2,700 employees worldwide.
Over the past five years, Autonomy has grown its revenues at a rate of approximately 55 per cent and its adjusted operating profit at a rate of approximately 83 per cent per annum.