Autonomy is to acquire content management company Interwoven for
$775m, which will lead to the integration of content management
with its
Idol (Intelligent Data Operating Layer) search technology.
Mike Lynch, Group CEO of Autonomy, said, "The combination of
Autonomy and Interwoven will continue the extension of Autonomy's
IDOL as a key element of the regulatory, legal and compliance
industries."
The acquisition is expected to help Autonomy develop legal and
compliance software, allowing businesses to automate the
organisation, management and processing of human readable
information (text, forms, e-mail, voice and video)."
Businesses using both Interwoven and Auonomy include Bank of
America, Bayer, Deutsche Bank, DLA Piper, Shell and Tesco.
