Autonomy acquires Interwoven for $US775M

Autonomy acquires Interwoven for $US775M

January 23, 2009: Content management pioneer Interwoven has been purchased by Autonomy Corporation, which intends to accelerate the delivery of the next generation of unstructured information management software.

Interwoven's strengths in Web content management and legal document management were the major attractions for Autonomy, which brings its expertise in Enterprise Search through its Meaning Based Computing technologies (IDOL).

Autonomy is keen to extend its footprint in the ediscovery market within large corporations and through the entire litigation and risk management process.

According to the company, “ The Acquisition also allows us to extend Autonomy's value chain of discovery, review, processing, early case assessment, linking those to the operations within the law firms. The combination creates the largest company dedicated to the legal information management industry with over 20,000 customers including 1,200 top law firms.

“The intelligence of Autonomy's IDOL technology can be used to extend Interwoven's web content capabilities across 100,000 corporate websites, intranets and extranets already powered by Interwoven. Through the combination of Interwoven's Optimost software and IDOL, Interwoven's customers will be able to optimize multiple forms of customer interactions, including email, chat sessions and the telephone. Interwoven's web solutions, when combined with Autonomy etalk's industry leading customer interaction software, will marry the call center and web for comprehensive and coherent customer interaction management.”

Dr. Mike Lynch, Group CEO of Autonomy, said: "The combination of Autonomy and Interwoven, industry leaders in Meaning Based Computing and document and content management respectively, will continue the extension of Autonomy's IDOL as a key element of the regulatory, legal and compliance industries.

“Our past acquisitions have clearly demonstrated how Autonomy can quickly and effectively leverage the power of IDOL into new customer bases and to address new customer needs. We are very familiar with Interwoven, its product base and management team through our partnership and joint customers over the years and see this transaction as an exciting opportunity to extend the chain of Autonomy's solutions."

Comment on this story