I’m not sure if this is meant to be the ‘big one’ that Autonomy Group CEO, Dr. Mike Lynch, has been teasing the market with for quite some time, but it’s certainly not loose change. Autonomy is to spend $380m cash to acquire the online backup & recovery, digital archiving and eDiscovery solutions of US-based ‘information management services’ firm, Iron Mountain. Even so, the deal will still leave Autonomy with $700m cash in the bank. What next, we wonder?
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Autonomy mines Iron Mountain
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