-->
  • January 22, 2009
  • News

Autonomy to acquire Interwoven

Autonomy reports it has entered into a definitive agreement under which it will acquire Interwoven. The acquisition agreement proposes that Interwoven stockholders receive $16.20 in cash for each outstanding Interwoven share, representing approximately $775 million.

Emerging highlights of the acquisition include:

  • All directors and selected executive officers of Interwoven and Autonomy have agreed to vote in favor of the acquisition.
  • The acquisition is expected to complete in the second quarter of 2009 and is subject to Autonomy and Interwoven shareholder and regulatory approvals and other customary closing conditions.
  • A combined customer base of in excess of 20,000 will provide additional scale and significant cross-selling opportunities.
  • Opportunities to provide broader and more comprehensive offerings to customers will emerge.
  • Autonomy and Interwoven believe combining the two companies will accelerate the delivery of the next generation unstructured information management software.
  • The acquisition will strengthen Autonomy's access to the worldwide legal and compliance industry through Interwoven's significant sales force with industry expertise.

KMWorld Covers
Free
for qualified subscribers
Subscribe Now Current Issue Past Issues