Monday, May 16, 2011

Autonomy Buys Iron Mountain

Autonomy have announced details of their approach to purchase part of the digital division of Iron Mountain.

"We are pleased to announce this transaction, one we have been looking at for some time, which will bring significant advancements for customers," commented Dr. Mike Lynch, Group CEO of Autonomy. "Processing customer data in the cloud continues to be a strategic part of Autonomy's information governance business. We look forward to extending regulatory compliance, legal discovery and analytics to a host of new customers as well as enabling the intelligent collection and processing of non-regulatory data from distributed servers, PCs and especially tens of millions of mobile devices. This will afford the opportunity to bring to these customers the power of IDOL's meaning-based technology."

Excellent summary of the purchase details here at The Orange Rag

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