HP defends Autonomy purchase

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