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Articles about Autonomy

HPE crams unloved software down Brits' throats – then charges them $9bn to swallow it

Hewlett Packard Enterprise will eject its non-core software business in what it calls an $8.8bn "spin merge" deal with UK-based Micro Focus. HPE's big data, security, and IT management products – including some of its ex-Autonomy assets – will be spun out into a new company that will merge with Micro Focus. That's a software …
Shaun Nichols, 08 Sep 2016
Very colourful For Sale sign (limited offer etc). Photo by Shutterstock

Hewlett Packard Enterprise in talks to offload software, asking for '$8bn to $10bn'

The breakup of Hewlett Packard Enterprise is set to continue with execs locked in talks to offload the software division to private equity biz Thomas Bravo. The asking price is said to be $8bn to $10bn. The sale, reported first by Reuters, would close the curtain on one of HPE’s most embarrassing episodes, namely the …
Paul Kunert, 02 Sep 2016
VMware CEO Pat Gelsinger and Dell CEO Michael Dell at VMworld 2016

Michael Dell promises new EMC/Dell/VMware engineered systems

Vmworld Michael Dell today told VMworld 2016 in Las Vegas that as soon as the deal to acquire EMC closes “you will see a whole new series of engineered solutions we have been working on together.” The “we” is Dell, EMC and VMware, as Dell made the remarks while sharing a stage with VMware CEO Pat Gelsinger. Dell, the man, didn't say …
Simon Sharwood, 30 Aug 2016
Man throws briefcase in the air happily on the beach. Photo by Shutterstock

HPE Software memo: We ARE several senior sales veeps lighter

The global and EMEA sales leaders of Hewlett Packard Enterprise’s software organ – the bit that is in discussions with potential buyers – have each left in the space of a week, insiders have told us. Frank Vella, vice president of worldwide sales who reports to Alan Fudge (himself the number two at HPE Software) exited on 29th …
Paul Kunert, 10 Aug 2016
Google's Sundar Pichai, speaking at Google I/O 2015

Google, er, Alphabet takes on 10,000 more staff, banks more and more billions from ads

Alphabet, the holding company for Google and the Chocolate Factory's other concerns, has reported strong growth in the second quarter ending June 30, with revenues up 21 per cent from this time last year. Google made up the vast majority of this revenue, accounting for $21.3bn for the quarter, with the other parts of Alphabet …
Iain Thomson, 28 Jul 2016
BT Openreach van

MPs tell BT: Lay more fibre or face split with Openreach

BT has "significantly under-invested" in IT infrastructure subsidiary Openreach and a full split should go ahead if it fails to offer "appropriate reforms and investment assurances", according to a report by MPs. The report (PDF) published by the Culture, Media and Sport Select Committee concluded the shortfall in investment …
Kat Hall, 19 Jul 2016
sale_648

HPE dumps software biz into the bargain bin

HP Enterprise (HPE) has reportedly begun entertaining offers to sell its software business. A report from Bloomberg cited sources familiar in claiming that CEO Meg Whitman is looking to sell some or all of HPE's software brands, including Vertica, Autonomy, and Mercury. Talks are said to still be in the early stages with no …
Shaun Nichols, 11 Jul 2016

Mike Lynch's cybersec biz Darktrace hoovers up $65m in VC dosh

Darktrace, the machine-learning cybersec outfit backed by one-time Autonomy CEO Mike Lynch, has pulled in another $65m in VC funding. Lynch previously founded enterprise search firm Autonomy, which was sold to HP and ultimately cost that company $8.8bn in impairment and other charges. This led Patrick White, the head of start- …

Scandal-hit Toshiba faces investor sueball over accounting woes

Ailing Japanese corporation Toshiba is the target of a lawsuit from embittered shareholders over the stock price crash that resulted from a multi-billion dollar accounting debacle. Some fifty individuals have sued the organisation as well as with three former CEOs and two ex-CFOs for 301.99 million yen (£1.62m) in damages, …
Paul Kunert, 07 Dec 2015
Fujitsu Arrows NX F-04G

We are not getting out of PCs, says Fujitsu exec

Fujitsu is the latest bit part PC player to state its commitment to the product line, as it prepares to spin off the computer and mobile businesses into two separate subsidiaries. The units were part of the Ubiquitous Solutions division but at some point in the next 12 months will be distinct entities sitting under the Product …
Paul Kunert, 17 Nov 2015

Hewlett Packard Enterprise CEO Whitman slams EMC/Dell deal

EMC/Dell deal HP Enterprise's CEO Meg Whitman has slammed Dell's acquisition of EMC. In an email sent to “All Hewlett Packard Enterprise Employees” Whitman says the merger is “a good thing for Hewlett Packard Enterprise and an opportunity for us to seize the moment.” Whitman says HP Enterprise is “two years ahead of the game” and that Dell …
Simon Sharwood, 13 Oct 2015

Autonomy 'poisoned the well' for businesses seeking VC cash

HP's ill-fated Autonomy acquisition has 'poisoned the well' for other enterprise search outfits seeking an injection of venture capitalist cash, Patrick White, the head of start-up Synata, has said. Not surprisingly, Synata itself is working in the enterprise search space and has so far raised $1.5m (£1m) dollars in seed …
Kat Hall, 07 Oct 2015

Autonomy ex-boss Lynch tells of poisonous life within HP in High Court showdown

Analysis Former Autonomy CEO Mike Lynch has stepped up his rhetoric against HP in his latest lawsuit against the firm, having characterized HP as a snake pit of backbiting and internecine squabbling where execs "generally fought amongst themselves like cats in a sack." In papers [PDF] filed with the UK High Court on Thursday, Lynch …
Neil McAllister, 02 Oct 2015

Ex-Autonomy CEO Mike Lynch sues HP for $150m+

Autonomy founder and ex-CEO Mike Lynch is suing HP for at least $150m (£100m) in damages over its assertion that he helped cook the books to inflate the price it paid for the software firm. Back in the summer of 2011, HP forked out $10.7bn to acquire Autonomy. Little over a year later, the US giant accused Lynch of …
Paul Kunert, 01 Oct 2015

HP's Mad King Léo ignored Autonomy iceberg, emails claim

Leo Apotheker of former HP fame ignored warnings from his own board and shareholders about the ill-fated $11.1bn Autonomy acquisition that resulted in a $8.8bn write-down and allegations of accountancy fraud, a cache of internal emails suggests. The messages were filed in a northern California district court at the end of …
Kat Hall, 28 Sep 2015
Bang by Guian Bolisay

Invicta IT to vendors: 'Put us in the bucket... of ones to watch'

Reseller minnow Invicta IT has hired a raft of heavy-hitting - and no doubt expensive - sales account managers from Insight Enterprises as it eyes up moving into the bigger leagues. The Slough-based HP, Cisco and NetApp seller recruited ex-Insight corporate sales director Gary Remmington as sales director on 1 April and he in …
Paul Kunert, 17 Sep 2015
Titanic sinking

HP arranges boardroom deck chairs as The Big Split looms

HP has confirmed the captains of industry who will sit on the two boards formed when the organization splits in two. The IT giant will pull in execs from sectors ranging from automotive and clothing to private equity. The organization operationally splits this month. By 1 November, HP will legally separate to become HP Inc ( …
Paul Kunert, 12 Aug 2015
Steve Ballmer. Pic:  Aanjhan Ranganathan

Ballmer's billion-dollar blunders: When he gambled Microsoft's money and lost

Analysis Less than two years into Satya Nadella's tenure as CEO of Microsoft, he's already had to report a lossmaking quarter. It's only the second time that's happened in the software giant's three decades as a public company, and the $8.44bn write-off Redmond posted earlier this week is the largest in its history. Don't blame Nadella …
Neil McAllister, 27 Jul 2015
Larry Page's new yacht, 'Senses'

Investors fling fresh cash at Mike Lynch-backed Darktrace

Cyber security outfit Darktrace, which is backed by billionaire superyacht owner Mike Lynch, has raised yet more cash, this time drumming up the princely sum of $22.5m (£14.4m). Darktrace uses machine learning and mathematics to detect early-stage cyber threats. The biz was founded by former members of the intelligence …
Kat Hall, 23 Jul 2015
gavel_judgment_channel

HP coughs up $100 MEEELLION to settle Autonomy lawsuit

HP has coughed up $100m (£65m) to settle its legal dispute with a Dutch pension fund over its massive $8.8bn (£5.6bn) Autonomy write-down. HP confirmed today that it has entered into a settlement agreement with PGGM Vermogensbeheer, the lead plaintiff in the securities class action arising from the impairment charge taken by HP …
Kat Hall, 09 Jun 2015

HP to buy EMC? We think so, say Wall St money men

An HP and EMC merger still seems like a fanciful sticking plaster to heal two tech giants, but financial analysts in the US are advising that such a transaction not only looks logical but more likely. Wall St money men spent last week analysing HP’s direction in the corporate enterprise following the Discover event in Las Vegas …
Paul Kunert, 07 Jun 2015
gavel_judgment_channel

Vatican 'ghost account' claims as reseller wades into Autonomy-HP legal struggle

MicroTechnologies, a reseller caught up in the long running HP/Autonomy legal battle, has itself fired a legal salvo at the US behemoth. MicroTech claims it is owed millions of dollars for software that was paid for but never delivered. MicroTech was named in HP’s claims against former Autonomy CEO Mike Lynch, saying that he …
Paul Kunert, 19 May 2015
Files in manager's desk drawers: manila folder marked "Redundancies". Image via shutterstock

HP Enterprise Services staff jog on, waving fat redundo cheque

HP has waved goodbye to a bunch of Enterprise Services staffers across Europe as it edges closer to the end of a multi-year job culling exercise and the big corporate split. Some 55,000 employees will have left the grand old lady of tech by the end of October when the programme – launched in 2012 – crosses the finishing line. …
Paul Kunert, 12 May 2015
HP

HP lifts lid on Autonomy lawsuit claims, but Lynch cries BOLLOCKS

On Tuesday, HP made public the details of the lawsuit it has filed against former Autonomy executives Mike Lynch and Sushovan Hussain in the UK, in what is just the latest round in litigation that is only likely to get uglier as the suit progresses. "HP confirmed today that Particulars of Claim against Lynch and Hussain were …
Neil McAllister, 06 May 2015
Photo of HP Enterprise office

Merging HP and EMC – hold on, wait, hear us out. The cap is still on the bottle of crazy pills

Comment Does an EMC-HP merger make more sense now than last year when the two titans' inability to agree on a price put a stop to the idea? HP could join the EMC Federation as a servers-and-networking business, and stand alongside EMC II (EMC Information Infrastructure, aka storage), VMware (virtual server software), and Pivotal (big- …
Chris Mellor, 05 May 2015

HP blasts $5.1bn sueball at ex-Autonomy execs, Lynch preps return fire

As it has long threatened to do, HP has sued two former Autonomy executives, accusing them of impropriety related to the two companies' financially disastrous 2011 merger. The Palo Alto, California firm filed suit against Autonomy cofounder Mike Lynch and former CFO Sushovan Hussain at the High Court in the UK on Monday, over …
Neil McAllister, 31 Mar 2015

Ex-Autonomy chief Mike Lynch's Darktrace bags £12.6m from investors

Darktrace, the Cambridge-based cyber security company backed by the billionaire superyacht-owner Mike Lynch, has raised $18m (£12.6m) from investors. The latest funding round includes a cash injection from Invoke Capital, Lynch’s venture fund that was one of Darktrace’s first backers. It has also bagged funds from Talis …
Kat Hall, 18 Mar 2015

Judge OKs HP's cash-free settlement plan in Autonomy investor suit

HP has won court approval of a deal that would settle a lawsuit brought by shareholders over HP's botched acquisition of software maker Autonomy. US District Judge Charles Breyer has granted preliminary approval of the latest version of HP's proposed settlement, Bloomberg reports, despite having rejected similar proposals …
Neil McAllister, 13 Mar 2015

Pre-split HP flops out plan to keep its sales pecker up

HP will parachute funded staff into its largest global channel customers to minimise disruption and ensure it maintains market share as the business is carved into two. Print and PC operations will be hived off to create HP Inc and the remainder of the company, including the new Aruba buy, will form Hewlett Packard Enterprise. …
Paul Kunert, 13 Mar 2015
Bill Gates

He can't give it away FAST ENOUGH: Bill Gates richest man in world again

Despite Bill Gates' best efforts to offload his massive pile of cash, it seems there's literally nothing the Microsoft founder can do to avoid being the richest man in the world. Gates was named wealthiest human on the planet by Forbes for 16 of the past 21 years. According to the research, last year Gates made more money than …
Kat Hall, 03 Mar 2015
HP

HP gulps down Aruba Networks for $3bn

After a period of abstinence from mega buys, HP has dipped into its cash reserves to find $3bn (£2bn) for wireless infrastructure biz Aruba Networks. The deal will form a welcome plug to HP's sliding network biz, which fell 10.8 per cent to $562m (£365m) in the company's first quarter results last week. Aruba posted sales of $ …
Kat Hall, 02 Mar 2015
Key in a wooden door. PIC by Tawheed Mazoor - licensed under CC 2.0

Meat puppet security sucks... let machines find your flaws

Commercial organisations have cash to burn on stopping hackers getting into the network, but relatively little to spend on dealing with a breach. This poses a challenge for Darktrace, a two-year-old organisation founded by former members of the intelligence community and backed by former Autonomy CEO Mike Lynch’s investment fund …
Paul Kunert, 27 Jan 2015

SFO: 'Insufficient evidence' for conviction over HP-Autonomy deal

Updated The Serious Fraud Office has retracted its probe into the sale of Autonomy to HP in 2011 on grounds that the information presented to it provides "insufficient evidence for a realistic prospect of conviction". The investigation began in early 2013, following a referral from HP. In 2012, the company alleged Autonomy had "outright …
Kat Hall, 19 Jan 2015
management regulation1

HP's shareholder settlement deal over Autonomy merger DENIED – again

A US district judge has thrown out a proposed settlement deal of a sueball lobbed at HP by some of the company's shareholders, after it bought Blighty software outfit Autonomy for $10.7bn in 2011. "The shareholders appear to be relinquishing a whole universe of potential claims regarding HP governance and practices with no …
Kelly Fiveash, 20 Dec 2014
nina

Huawei Enterprise UK helmsman Poskett sails off to Dell

Texan tech baron Dell has poached the boss of Huawei Enterprise UK, Dave Poskett, as deputy head of one of its Blighty-based divisions. Poskett was the last of the three senior European execs that Huawei's UK subsidiary lured across to run operations in the region when it set up shop three years ago. Simon Culmer and Dominique …
Paul Kunert, 24 Nov 2014
Microsoft's Scott Guthrie presents the Cloud Platform System

Microsoft and Dell’s cloud in a box: Instant Azure for the data centre

Analysis Two words were missing from Microsoft’s cloudy event in San Francisco yesterday, where CEO Satya Nadella and Cloud and Enterprise VP Scott Guthrie presented an update to the company’s Azure and hybrid cloud strategy. Those two words were System Center. That was an odd omission considering that System Center is meant to be the …
Tim Anderson, 21 Oct 2014

An EMC-HP Borg cube will totally ANNIHILATE its storage worlds

Comment Suppose EMC and HP merged: the result would be an outrageous nightmare of overlapping storage products. Managers would run screaming into the darkness, and bean counters would spend millions converging products. It’s a no-go area, really. Quick and dirty look at HP and EMC storage products A quick and dirty look at HP and …
Chris Mellor, 08 Oct 2014
Larry Page's new yacht, 'Senses'

Hey, HP shareholders! Mike Lynch is set to buy a 180-foot superyacht with his Autonomy loot

Exclusive Mike Lynch, the man whose sale of software biz Autonomy to HP resulted in an $8.8bn writedown at the US titan and ongoing probes by the Serious Fraud Office, the US Justice Department and the SEC, is set to splash out some of his gains on an enormous yacht. Sources tell The Register that Lynch is engaged in purchasing a …
Paul Kunert, 12 Sep 2014
Gun and dollars

Ex-Autonomy execs: HP's latest wad blows apart fraud allegations

Another week, another round in the ongoing bunfight between HP and the former management team of Autonomy. This time, the ex-Autonomy bods have claimed that new court documents filed by HP prove the latter has misrepresented the reasons why it had to write down $8.8bn in its botched acquisition of Autonomy in 2011. In a …
Neil McAllister, 12 Sep 2014
Terror at 20,000 feet

'Everywhere I look ... it's bad': HP claims email shows Autonomy CFO panic, pre-buyout

In the latest court filing in HP's rancorous legal squabble with former Autonomy execs, the tech giant has revealed what it describes as a damning email from ex-Autonomy CFO Sushovan Hussain, prompting a spokesperson for the latter to again accuse HP of "smear tactics." HP is seeking to settle a lawsuit brought by its own …
Neil McAllister, 06 Sep 2014
HP

Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu

HP's plan to defend its directors in the Autonomy scandal – and present a united front against the Brit business's former execs and their auditors – has been thrown into doubt by a US judge. Last month HP announced a settlement with lawyers representing its own shareholders, who had brought legal action against HP: the …
Iain Thomson, 25 Aug 2014
HP CEO Meg Whitman

Reg man grills HP Software big cheese

Traditionally HP Software was seen by many of its business partners on the hardware side of the house – and by default some of their customers – as a fragmented portfolio of specialist applications amassed via acquisition. Evidence of this was on display at Global Partner knees-ups in recent years when the auditorium filled up …
Paul Kunert, 18 Aug 2014
apothekerCHANGES2

Autonomy ex-moneyman: 'Visionary' Léo would have made HP merger work

The former chief financial officer of Autonomy has struck back against HP's claims that he defrauded it and its shareholders, arguing that HP's execs were solely responsible for bungling the company's $10.2bn acquisition of Autonomy in 2011. "HP's Opposition swells with bile, but its sound and fury signify nothing," lawyers …
Neil McAllister, 12 Aug 2014

HP says it will sue former Autonomy CFO Sushovan Hussein

HP has confirmed that it plans to sue Sushovan Hussain, the former chief financial officer of data analytics software firm Autonomy, whom HP claims "was one of the chief architects of the massive fraud" that forced HP to write down $8.8bn of the $10.2bn it paid to acquire Autonomy in 2011. In documents [PDF] filed with the US …
Neil McAllister, 04 Aug 2014

HP's Machine and IBM's $3bn R&D splash – aka how to survive Google

Comment IBM and HP are trying to invent their way out of severe problems that lurk in their future. Both companies face slowing sales in some of their traditional high-margin areas, like enterprise servers and other on-premises hardware. And both are having a tough time converting existing business divisions over to selling the high- …
Jack Clark, 23 Jul 2014

Autonomy's ex-chief beancounter tries to kill HP investor settlement

Autonomy's former chief financial officer has sought to block HP from settling three shareholder lawsuits over its botched acquisition of the British software company. The former exec claims HP will use the settlements to "forever bury" its supposed culpability in the calamitous buy. Sushovan Hussain, who served as Autonomy's …
Jack Clark, 21 Jul 2014

Did HP just tip its hand on Autonomy? Spoiler: It was a busted flush

Analysis Autonomy has come under fire for a software deal between itself, reseller MicroTechnologies, and the Vatican – but all is not as it seems. A report published by Reuters on Friday attempted to shed light on HP-owned Autonomy's strange deal to sell technology worth $11.55m to MicroTechnologies, which was bidding on a contract to …
Jack Clark, 18 Jul 2014
HP

HP chairman Ralph Whitworth steps down immediately

HP is losing the man who has chaired its board of directors for the past two and a half years, over health concerns. The IT titan said Ralph Whitworth, 58, will be stepping down from the chairman position effective tomorrow in order to focus on his wellbeing. Further details on Whitworth's condition were not given by the company …
Shaun Nichols, 15 Jul 2014
paper cut-out men holding hands in linked semi-circle

HP and shareholders to gang up against 'Brit Bill Gates'

Hewlett-Packard and its disgruntled shareholders have settled three lawsuits related to the $10.7bn acquisition of British search specialist Autonomy. But the Autonomy fight is not over – far from it. Both sides have now agreed to co-operate in "potential litigation" against Autonomy’s former CEO Mike Lynch and members of his …
Gavin Clarke, 01 Jul 2014

HP in 'serious' settlement talks over Autonomy legal bust-up

Hewlett-Packard seems poised to settle a lawsuit with shareholders over its $10.7bn purchase of Mike Lynch’s software company, Autonomy. The computer company said in a statement that it is in “serious discussions” to settle the suit, brought in November 2012 by angry shareholders. “No final deal has been reached yet,” HP said …
Gavin Clarke, 30 Jun 2014

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

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