Autonomy, the listed UK-based enterprise software company, was rumoured to have identified acquisition targets, a Financial Times market report said. The report did not cite sources for the speculation, but noted talk that a listed, US-based competitor is among Autonomy’s targets.
Autonomy’s share price closed 1% down at 1797p on the London Stock Exchange yesterday, 18 March, giving the company a market capitalization of over $6.6 Billion.
Autonomy has been growing via acquisitions; Last year they bought another US listed competitor Interwoven for $775M. The consolidation in the Enterprise Content Management industry has progressed at full-speed and was highlighted in detailed on my blog last year. While it would be very difficult to pull together, could Autonomy give a bear hug to Open Text? We shall see….Let me know what you think?