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Says it knows more about the situation than anyone else, after it was criticised for the huge price it paid

HP defends Autonomy purchase

HP today takes over full control of Autonomy, as its shareholders finally agree to the proposed deal reportedly worth $10.24 billion.

Autonomy mainly produces enterprise software, and as such is crucial to HP’s drive to become a software a services company.

The firm has had some flack for the huge amount of money it has stumped up for the bid, but Ann Livermore – board member at HP – said today: "We’ve been criticised for paying so much for Autonomy but HP knows more about Autonomy, its capabilities and how that fits in to our strategy than anyone else does.”

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