Autonomy have just acquired Interwoven for $775M
Boss M&A Whispers Comment:
If you are a regular reader of Boss News then this was predicted by The Buzz and so would be no surprise. The M&A Market in 2009 is alive and kicking. This acquisition shows that valuations have not nose-dived as some have predicted. Without being one of the dreaded "crystal ball gazers", which most industries have more than a surplus, consolidation at the high, medium and lower end of the market will continue in 2009.
Autonomy expect to have a cash balance of at least $75M after the deal has been completed so they will prove to be some force in the ECM sector. Watch out OpenText, EMC Documentum, Filenet (IBM) and Stellant (Oracle) "The British are coming". This should give much needed life to Interwoven as they battle forward with added weaponry a new lease of life and probably a new name as well.
"What is this life if, full of care, we have no time to stand and STARE?"
William H. Davies
1871-1940, British Poet