Autonomy goes after content that stands on its own. The company's software is used to organize unstructured data from e-mail, social media, Web pages, presentations, business applications, and other information not commonly stored in databases. Its products enable companies worldwide to automate the classification and management of data (including text, audio, and video), and archive messaging content from email and other sources. The data can then be fed into customer relationship management, business intelligence, document management, and other applications to streamline operational processes and inform business decisions. Autonomy was acquired by Hewlett-Packard for about $10.2 billion in cash in 2011.
HP took an interest in the company due to its steadily growing revenues and income which were driven by strong sales to a global customer base. Prior to its acquisition, Autonomy's profitability and strong year-over-year growth were supplemented by successful integration of the acquisitions it used to bulk up its product lines and expand its client roster.
The company serves the media, retail, financial, legal, and defense sectors, among others. Its blue chip customer list has included such luminaries as Colgate-Palmolive, GE, H&R Block, Hilton, and Robert Bosch, along with many US and UK government agencies including the Department of Defense.
In 2011 Autonomy bought selected assets of Iron Mountain's digital division. The $380 million purchase included tools for data archiving, electronic discovery for legal purposes, and online backup, which fit in with the company's strategy to provide customer data processing via the cloud as part of its information governance business.
The previous year Autonomy acquired the Information Governance business of CA, including the CA Message Manager and CA Records Manager applications. The products, designed to help customers manage regulatory oversight and transparency, were integrated into the Autonomy iManage unit and renamed Autonomy Message Manager.
Autonomy continues to introduce new products that address demand for more cloud computing and social media tools. Among other improvements rolled out in 2011, the company extended the functionality of its electronic discovery applications to include options for gathering and analyzing data from social media sources for legal purposes. Also that year Autonomy released a new version of its core document management software product, known as WorkSite, that featured tools to enable customers to create their own secure cloud computing environments, giving corporate IT departments a way to consolidate data centers and provide data redundancy without relying on a third-party provider.
▲ Show Less▼ Show Full Description