The companies entered into a definitive merger agreement for Autonomy to acquire Interwoven for $16.20 per share. Anthony Bettencourt, former CEO of Verity, Inc., will assume the role of divisional CEO of Autonomy Interwoven. Joe Cowan, former CEO of Interwoven, Inc., joined Autonomy group management.
“With the addition of Interwoven to the Autonomy group, the intelligence of Autonomy's IDOL technology can be used to extend Interwoven's Web content capabilities across 100,000 corporate Web sites, intranets and extranets already powered by Interwoven. The value, issues and risks associated with unstructured information are and will remain squarely on the enterprise agenda,” said Lynch.
Autonomy's Q1 results are expected to be announced in mid to late April 2009 when the Company will provide an update on the progress of the integration of Interwoven.
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