Tuesday, July 03, 2007

Market applauds as Autonomy buys ZANTAZ for $375m; says Q2 to exceed expectations

CAMBRIDGE, ENGLAND and PLEASANTON, CA - 3 July 2007 - Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, today announced an agreement to acquire ZANTAZ, Inc., a global leader in content archiving and electronic discovery solutions and software as a service. The combination of the two companies will redefine information risk management by proactively automating the full spectrum of consolidated archiving, e-discovery, analytics and real-time policy management uniquely in one system. Customers' information will simultaneously be available in operational systems and consolidated archives, allowing rapid e-discovery and analytics to be run seamlessly across all information sources using advanced methods such as conceptual search, clustering and alerting.

Acquisition Highlights
Purchase price of approximately $375 million in cash after certain deductions, funded by an underwritten placing, a term loan and a portion of Autonomy's cash reserves.

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