In 2011 HP paid $12B for his company and then claimed it wasn't worth that much, their write-down suggested they thought it was actually worth $4B.
Wikipedia says Autonomy's tech was "[a] variety of enterprise search and knowledge management applications using adaptive pattern recognition techniques centered on Bayesian inference in conjunction with traditional methods"
It sounds pretty niche for a company that isn't already big in search. Has anyone read what HP thought it could do with the tech to get a return ? I feel like there must have been some need that HP had which I'm unware of.
I do appreciate that the reasons large corps do acquisitions, and how, are not always susceptible to reason but Oracle's market cap at the start of 2011 was $160B. What could have made Autonomy worth 7.5% of Oracle to HP ?
In 2011 HP paid $12B for his company and then claimed it wasn't worth that much, their write-down suggested they thought it was actually worth $4B.
Wikipedia says Autonomy's tech was "[a] variety of enterprise search and knowledge management applications using adaptive pattern recognition techniques centered on Bayesian inference in conjunction with traditional methods"
It sounds pretty niche for a company that isn't already big in search. Has anyone read what HP thought it could do with the tech to get a return ? I feel like there must have been some need that HP had which I'm unware of.
I do appreciate that the reasons large corps do acquisitions, and how, are not always susceptible to reason but Oracle's market cap at the start of 2011 was $160B. What could have made Autonomy worth 7.5% of Oracle to HP ?