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.
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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.