Autonomy Acquires Interwoven For $775 Mil
The combined companies aim to redefine how global 2000 corporations, law firms and government regulators discover, analyze and manage data. Both companies expect the transaction to close by June 2009.
Based on acquisitions, the U.K.-based Autonomy has managed to gain a foothold in the U.S. market. The company said the acquisition accelerates the pace. Interwoven serves thousands of U.S. companies including adidas, Cisco, Citi, Delta Air Lines, FedEx, Hilton Hotels, Microsoft and Shell.--Laurie Sullivan