16 May 2011 – Autonomy to Acquire Key Iron Mountain Assets
Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software, and Iron Mountain Incorporated (NYSE: IRM), the information management company, announced a definitive agreement for Autonomy to acquire selected key assets of Iron Mountain’s digital division including archiving, eDiscovery and online backup.
For customers, this means access to Autonomy’s advanced technology for information governance in secure, private clouds in data centers around the world.
Cash consideration of US$380 million (subject to a final working capital adjustment), funded from Autonomy’s existing cash reserves. Post-closing Autonomy expects to have a gross cash balance of at least $700 million.
Adds over six petabytes of data under management and more than 6,000 customers to Autonomy’s customer base, bringing Autonomy’s private cloud data to over 25 petabytes and total customer base to over 25,000.
Assets acquired include digital archiving, eDiscovery and online backup and recovery solutions of Iron Mountain Digital, but not the technology escrow service and a medical records archive service and other smaller operations which were recently shut down. Expected go-forward revenues of approximately US$130 million to US$140 million.
For the year ended December 2010 Autonomy recorded revenue of US$870 million with approximately 1,900 employees.
17 May 2011 – Macquarie Capital Group invests in leading eDiscovery provider Nuix
Nuix, a leading provider of electronic discovery (eDiscovery) and investigation technology software, has announced that Macquarie Capital Group Limited has invested in its business, accelerating the company’s next phase of business growth and expansion.
Macquarie’s decision to invest in Nuix is in recognition of the company’s outstanding technological innovation and strong financial performance over the past five years.
Nuix has customers in over 25 countries, including the world’s leading corporate regulators, advisory firms, litigation support and law firms, as well as a growing number of corporate customers, particularly in the financial sector.
Macquarie Capital Group Limited Executive Director, David Standen, said: “Nuix has an outstanding leadership team which has positioned Nuix to be a real market leader and deliver world-class eDiscovery solutions to its customers.”
Nuix CEO Eddie Sheehy said: “We are excited to have Macquarie as a major shareholder. We could not ask for a better partner to support our growth. Nuix competes against some of the world’s largest technology companies and Macquarie’s investment will enable us to continue to provide outstanding customer solutions as we continue to enjoy significant global growth.”
19 May 2011 – Symantec Agrees to Buy Clearwell Systems for US$390 Million
Symantec Corp., the world’s largest maker of security software, agreed to buy closely held Clearwell Systems Inc. for about $390 million, acquiring a leading e-discovery platform.
Readers may be surprised to know the size of the Symantec company. For financial year 2010 Symantec recorded revenue of approximately US$6 billion with 17,500 employees.
The following video provides some fascinating insights into what this company is all about.