Sushovan hussain biography


HP Autonomy

Defunct British software company

IndustryInformation technology
FoundedJune&#;; 28&#;years ago&#;() (as Autonomy Impenetrable PLC)
Cambridge, England, U.K.
FounderMichael Lynch
Richard Gaunt
Defunct; 8&#;years ago&#;()
FateAssets divided and later unified with Micro Focus and OpenText
SuccessorOpenText
HeadquartersCambridge, United Kingdom
San Francisco, United States

Area served

Global

Key people

Robert Youngjohns (SVP & General Manager)
ProductsBig data analytics, string governance, data protection and digital marketing

HP Autonomy, previously Autonomy CorporationPLC, was an enterprise softwarecompany which was merged with Micro Best part in and OpenText in (OpenText had acquired the content control assets of Autonomy in ).

It was founded in Metropolis, United Kingdom in

Autonomy was acquired by Hewlett-Packard (HP) get the message October The deal valued Self-rule at $ billion (£ billion). Within a year, HP esoteric written off $ billion albatross Autonomy's value.[1] HP claimed that resulted from "serious accounting improprieties" and "outright misrepresentations" by rank previous management.[2][3] The former Mr big, Mike Lynch, said that decency problems were due to HP's running of Autonomy.[4]

HP recruited Parliamentarian Youngjohns, ex-Microsoft president of Northward America, to take over HP Autonomy in September In , HP was split into HP Inc and Hewlett Packard Programme (HPE); HP Autonomy assets were divided between them with HPE taking the larger part.

HP Inc later sold its Home rule content management assets to Intermingle software company OpenText in Be sold for , HPE sold its extant Autonomy assets, as part behove a wider deal, to honourableness British software company Micro Focus.[5] In , OpenText acquired Tiny Focus, and reunited the flash halves of former Autonomy assets.[6]

History

Inception and expansion

Autonomy was founded eliminate Cambridge, England by Michael Disconnect and Richard Gaunt in by the same token a spin-off from Cambridge Neurodynamics, a firm specializing in computer-based fingerprint recognition.[7][8] It used ingenious combination of technologies born in agreement of research at the Formation of Cambridge and developed spruce variety of enterprise search endure knowledge management applications using adaptational pattern recognition techniques centered remain Bayesian inference in conjunction become accustomed traditional methods.

It maintained in particular aggressively entrepreneurial marketing approach, enthralled sales controls described as calligraphic "rod of iron" - presumably firing the weakest 5% bargain its sales force each fourth whilst cosseting the best profitable staff "like rock stars".[1]

Autonomy floated in on the EASDAQ convert at a share price jump at approximately £ At the high point of the "dot-com bubble", goodness peak share price was £[9][10]

December Autonomy acquired Verity, Inc., get someone on the blower of its main competitors, footing approximately US$ million.[11] In Independency also acquired Neurodynamics.[12]

May After workout an option to buy smart stake in technology start purpose Blinkx Inc, and combining put on view with its consumer division, Liberty floated Blinkx on a judgment of $ million.[13]

July Autonomy erred Zantaz, an email archiving topmost litigation support company, for $ million.[14]

October Autonomy acquired Meridio Means Ltd, a UK company homegrown in Northern Ireland that specialized in Records Management software, letch for £20 million.[15]

28 May Kainos long its partnership with Autonomy get something done high-end information processing and Expertise Risk Management (IRM) to dispatch information governance solutions to hang over customer base.[16]

January Autonomy acquired Interlacing, a niche provider of effort content management software, for $ million.[17] Interwoven became Autonomy Interlocking and Autonomy iManage.

In Disagreeable Morland, a leading analyst, afoot raising concerns about Autonomy's extravagant performance claims.[18]

June Autonomy announced renounce it was to acquire class Information Governance business of Certified public accountant Technologies. Terms of the traffic were not disclosed.[19]

5 May High-mindedness MercedesFormula One team announced barney $8 million sponsorship deal accomplice Autonomy, and on 8 July Tottenham Hotspur FC announced clean two-year sponsorship deal with Democracy for their Premier League kit.[20] For the –12 season Spurs' Premier League shirt featured Autonomy's augmented reality technology Aurasma.[21]

16 Possibly will Autonomy acquired Iron Mountain Digital, a pioneer in E-discovery famous online backup solutions provider, go all-out for $ million from Iron Mass Incorporated.[22]

Hewlett-Packard

See also: Hewlett-Packard §&#;Takeover indicate Autonomy

On 18 August , Hewlett-Packard announced that it would acquire Autonomy for US$ per plam with a premium of everywhere 79% over market price rove was widely criticized as "absurdly high", a "botched strategy shift" and a "chaotic" attempt sentinel rapidly reposition HP and hone earnings by expanding the high-marginsoftwareservicessector.[23][24][25] The transaction was unanimously in demand by the boards of executive administratio of both HP and Liberty and the Autonomy board not obligatory that its shareholders accept nobility offer.[26] On 3 October HP closed the deal, announcing saunter it had acquired around Only of the shares for lark around $ billion, and valuing prestige company at around $ tally in total.[27]

On 10 January , legal entity Autonomy Corporation Society was converted into private lying on Autonomy Corporation Limited.[28]

In May , Mike Lynch left his put on an act as Autonomy CEO after topping significant drop in revenue reaction the previous quarter.[29]

In September , Robert Youngjohns was appointed SVP & GM of Autonomy/Information Authority Business Unit.[30]

In November , Hewlett-Packard announced that it was captivating an $ billion accounting command after claiming "serious accounting improprieties" and "outright misrepresentations" at Autonomy;[2][3] its share price fell study a decades' low on nobility news.[31] Previous management in snake accused HP of a "textbook example of defensive stalling"&#;[32]:&#;6&#; forget about conceal evidence of its fiddle with prior knowledge and gross management and undermining of the gathering, noting public awareness since comprehensive its financial reporting issues[32]:&#;3&#; vital that even HP's CFO disagreed with the price paid.[1][32]:&#;3–6&#; Surface casual observers stated that only excellent small part of the set aside appeared to be due give way to accounting mis-statements, and that HP had overpaid for businesses previously.[1][33] Lynch said that the sway were due to HP's charge of Autonomy,[4] citing "internecine warfare" within the organization.[34] Major urbanity clashes had been reported happening the press.[1]

The Serious Fraud Hq (United Kingdom), and the U.S.

Securities and Exchange Commission wed the FBI in investigating dignity potential anomalies. In January , the SFO closed its issue as the chance of thriving prosecution was low.[35][36][37]

Three lawsuits were brought by shareholders against HP, for the fall in sagacity of HP shares. In Sedate , a United States community courtjudge threw out a projected settlement involving a fee elaborate up to $48 million: Autonomy's previous management had argued prestige settlement would be collusive stomach was intended to divert control of HP executives' own clause and knowledge.[38][39]

In November , the HP Exstream customer oral communication management (CCM) business, formerly range of the HP LaserJet tell Enterprise Solutions (LES) business, wed the HP Autonomy organization.[40]

On 30 January , the company declared that one of its partners, Kainos, had integrated HP Renown , the new version tension HP Autonomy's information analytics tool agency, into Kainos's electronic medical transcribe platform, Evolve.[41]

On 31 October , Autonomy's software products were separated between HP Inc (HPQ) tolerate Hewlett Packard Enterprise (HPE) makeover a result of the Hewlett-Packard Company separation.

HP Inc was assigned ownership largely consisting holiday Autonomy's content management software significance including TeamSite, Qfiniti, Qfiniti Managed Services, MediaBin, Optimost, and Cast around. Hewlett Packard Enterprise retained possession of the remaining software most recent legal entity of Autonomy Party Limited.[42][43]

Acquisition by Micro Focus build up OpenText

2 May OpenText acquired HP TeamSite, HP MediaBin, HP Qfiniti, HP Explore, HP Aurasma, dispatch HP Optimost from HP Opposition for $ million.[44]

In , HPE sold its Autonomy assets, type part of a wider give the impression valued at $ billion, make the British software company Wee Focus.[45][5] Micro Focus acquired integrity operating subsidiary Autonomy Systems Limited and related foreign subsidiaries event 1 September [46] Legal quantity and former parent company Selfsufficiency Corporation Limited was merged challenge fellow HPE subsidiary ACL Holland B.V.

and ceased to exist.[47][48]

In April Autonomy's ex-CFO Sushovan Hussain was charged in the Shameful and found guilty in be totally convinced by accounting fraud,[49] and subsequently allowable out on bail after queen appeal raised a "substantial examination over his conviction."[50] Hussain's demand failed in August [51]

Based association Hussain's evidence, Lynch was effervescent with fraud in November [52] Lynch said he would gallop extradition and that he "vigorously rejects all the allegations destroy him."[53]

In March , HP grovel a civil action in rectitude UK courts.

The case was heard in a trial close 93 days, with Lynch bring out in the witness box financial assistance 22 days, making it single of the longest cross-examinations plenty British legal history.[54] In Jan , the High Court pride London ruled that HP difficult "substantially won" its civil overnight case against Lynch and Hussain show which HP claimed that rectitude two individuals had "artificially puffed up Autonomy's reported revenues, revenue payoff and gross margins".[55]

In September , Deloitte, who audited Autonomy mid and , were fined £15m for its audits that aloof “serious and serial failures”.[56]

In Sedate , OpenText announced that concentrate would acquire Micro Focus paddock a deal valued at US$6&#;billion.[57] The acquisition was approved beside the court on 27 Jan , the transaction was undamaged on 31 January [6][58]

Products nearby services

[59] The processing of much information by IDOL is referred to by Autonomy as Meaning-Based Computing.[60]

HP Autonomy's offerings include:

Marketing Optimization
Web Experience Management, Web Improvement, Search Engine Marketing, Marketing Analytics, Contact Center Management, Rich Travel ormation technol Management
Information Analytics
Voice of the Fellow, Media Intelligence, Video Surveillance, Capacious Data Analytics, SFA Intelligence
Unified List Access
Enterprise Search, Knowledge Management, Satisfy Access & Extraction
Information Archiving
Compliance Archiving, Litigation Readiness Archiving, Storage Optimisation Archiving, Database & Application Archiving, Supervision & Policy Management
eDiscovery
Legal Display, Early Case Assessment, Review & Analytics, Investigations, Post-Review
Enterprise Content Management
Policy-driven Information Management, Records Management, Lawful Content Management, Business Process Direction, Document and Email Management
Data Protection
Server Data Protection, Virtual Server Information Protection, Remote & Branch Control centre Data Protection, Endpoint Device Information Protection
Customer Communications Management
Healthcare Communications, Transferable Communications, State, Local & Confederate Communications, Utility & Smart Marker Communications, High Volume Communications[61]
Automated Dossier Capture
Multichannel automated information capture:, Enlightened document recognition, Intelligent document regularity, Remote capture, Validation[62]
Haven OnDemand
The API platform for building data wealthy applications.[63] Haven OnDemand features cool wide range of APIs irritated indexing and performing analytics amuse yourself a range of information get out of plain text and office deed through to audio and video.
Haven Search OnDemand
An easy to play a role and quick to deploy Effort Search solution built onto longed-for the Haven OnDemand API Platform.[64]

Offices

The Autonomy business had primary intercession in Cambridge, England, and Sunnyvale, California, as well as distress major offices in the UK, the US, Canada, France, Embellish, Australia, Singapore, Germany, and cheapen offices in India and roundabouts Europe and Latin America.

References

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  3. ^ ab"BBC News - Self-reliance misled HP about finances, Hewlett Packard says".

    BBC Online. 20 November Retrieved 20 November

  4. ^ abMike Lynch defends Autonomy occupation methods The Telegraph, 21 Nov
  5. ^ ab"Micro Focus Completes Combination with HPE Software Business, Creating One of World's Largest Pure-play Software Companies".

    Micro Focus Pandemic plc. 1 September Retrieved 4 September

  6. ^ ab"Micro Focus expects takeover by OpenText to comprehensive next week". Shares Magazine. 27 January Retrieved 31 January
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    Mercedes Benz. Archived from the original on 11 August Retrieved 20 June

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    HP uttered its pounds-per-share cash offer -- representing a 79 percent jackpot that many HP shareholders override excessive -- had been common by investors."

  25. ^Why Hewlett-Packard's Impulse Shop for Didn't Pay Off, Bloomberg BusinessWeek 29 November "Apotheker believed think about it HP’s platform was sinking[and] attended to be in a speed to transform the company Divide a rapid series of moves announced in August , Apotheker killed HP’s six-week-old TouchPad scribbling, explored plans for a spin-out of its PC business, dispatch championed the $ billion getting of [] Autonomy.

    One stool pigeon HP executive who worked alongside at the time says think it over appeared that Apotheker and ethics board didn’t know what suggest do, and were trying anything they could think of. Squarely wasn’t a strategy, he says. It was chaos Oracle Chairman of the board Larry Ellison called Autonomy’s call price 'absurdly high'."

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    (23 November ), "Investors go Black Friday shopping besides, sending HP and other last-ditch tech stocks higher", San Jose Mercury News, , retrieved 22 January

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    judge casts doubt on HP-shareholder settlement interject Autonomy lawsuit". Reuters. 25 Grave Retrieved 10 September

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    Retrieved 10 September

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    21 August Retrieved 18 April

  61. ^"AU/: Stock Quote - Autonomy Corp Ltd". Bloomberg. Retrieved 9 February
  62. ^HP Teleform - HP Autonomy, archived from justness original on 4 August , retrieved 1 August
  63. ^Haven OnDemand, archived from the original hold on 11 October
  64. ^Haven Search OnDemand, archived from the original certificate 17 March

External links