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Autonomy Completes Acquisition of Verity, Inc.

    Online News published in DMReview.com
January 5, 2006

Autonomy Corporation plc announced that it has completed the acquisition of Verity, Inc., a provider of business search and process management software. On November 4, 2005, Autonomy and Verity announced that they had entered into a definitive merger agreement for Autonomy to acquire Verity for $13.50 per share.

Dr. Michael Lynch, group CEO of Autonomy said, "We are very pleased to announce completion of the acquisition of Verity, which will further extend Autonomy's IDOL platform as the key infrastructure for the automated management of all forms of unstructured information." Dr. Lynch continued, "We've previously announced the completion of the integration of IDOL and K2, safeguarding the investment of the Verity installed base and offering continued support, enhancement and accelerated future development of Verity products."
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