By Leena Rao
HP (NYSE:HPQ) has confirmed a Bloomberg report that it's in talks with European infrastructure software company Autonomy (OTC:AUTNF) to acquire it for as much as $10 billion. That price would make the acquisition one of HP’s largest deals to date. HP also reported that it exploring strategic alternatives for its personal systems group, including a "full or partial separation of PSG from HP through a spin-off or other transaction."
Autonomy’s enterprise software powers pan-enterprise search, customer interaction solutions, information governance, end-to-end eDiscovery, records management, archiving, business process management, web content management, web optimization, rich media management and video and audio analysis. The company’s software allows enterprises to provide insight and structure to electronic data, including unstructured information, such as text, email, web pages, voice, or video.
Autonomy, which trades on the London Stock Exchange, just bought assets from Iron Mountain for $380 million.
Bloomberg also reported that HP will announce the spinoff of its personal-computer business.Original post