Hewlett-Packard buys software company Autonomy for 10.3 billion dollars

Hewlett-Packard plans to buy software company Autonomy Corp for 10.3 billion dollars, an offer which is 64% above the market value of the company, reports Bloomberg. The move will represent a major restructuring of the company that plans to distance itself from the market for hardware and focus on producing software.

The reason for distancing from the production of hadrver is that globally declining demand for personal computers, while consumers are increasingly interested in other iPad tablet PCs. HP just days before a surprise to everyone giving up his webOS operating system for Tablet PCs and lowered the price of the TouchPad. The main reason cited weak sales of tablet PCs, compared with konkurentnite Apple and Android devices.

Autonomy Corp e British software company located in Cambridge, which will bring the Hewlett-Packard software that searches a wide range of data, including e-mails, music, videos and posts on social networks such as Facebook. Autonomy is a leader in unstructured data, data that are not in Word documents and spreadsheets, and is the second largest software company in the UK. Autonomy offers its clients programs that are used in searching the database. Some of their clients are Coca Cola Co and Nestle SA.

After Hewlett-Packard announced it would stop production of smart phones and tablet PCs experienced a decline of 6% of its shares, this decline contributed to sluggish sales of personal computers. According to the latest financial statements, the company has satisfied the expected earnings.