The most popular and comprehensive Open Source ECM platform
Let us know more
ECM: Interwoven Acquired by Autonomy
2006 saw a huge boom of acquisition and consolidation activity among Enterprise Content management companies.
Last week Thursday UK-based Autonomy announced a cash offer to acquire Interwoven for $775 million. Interwoven had just closed out the fourth quarter with $10.7 million profit on $69.8 million revenue.
The deal between the two companies is expected to close in the second quarter of 2009. The combined organization would have 20,000 customers, and potentially provide cross-selling opportunity for Autonomy. Interwoven is particularly strong in the legal market with 1200 of the world’s top law firms and 21 of Forbes Global 30 companies as customers. Autonomy commented that the combination of the two companies would create the “largest company dedicated to the legal information management industry.”
Companies trying to meet compliance and e-discovery requirements to search unstructured documents and emails are driving demand for
content management software. Autonomy’s chief executive Mike Lynch commented that their core Search engine is “powerful but useless without an airplane to bolt it onto”. The Interwoven customer accounts would give Autonomy “airplanes onto which it can bolt its jet engine”.
Interwoven was one of the few remaining large pure-play content management companies left standing after acquisition of majors like Documentum and Stellant.
