Autonomy, an enterprise infrastructure software purveyor, has just announced its purchase of ZANTAZ, which specializes in content archiving and e-discovery solutions software.
The pairing is expected to "redefine" information risk management by combining e-discovery, analytics, real-time policy management and consolidated archiving into one system.ZANTAZ will also add merit to the Aungate IDOL product suite purveyed by Autonomy.
"The combination of Autonomy and ZANTAZ, market leaders in enterprise search and content archival respectively, expands the addressable market, distribution and reach for Autonomy's highly successful Aungate IDOL-based products," said Group CEO Dr. Michael Lynch of Autonomy.
"Aungate has proven itself particularly strong in light of recent regulatory changes, such as the revised Federal Rules of Civil Procedure governing lawsuits in the US, and we believe this acquisition will greatly speed the adoption of this next generation of real-time technology into the market [...] Our combined solution will be unique in offering our existing 17,000 customers end-to-end information rich risk management solutions -- from hosted archiving to e-discovery, compliance, real-time governance and archive analytics -- in one consolidated platform, including information from documents to applications and voice and video."
The combination is no major surprise if, like Microsoft, you consider records management and e-discovery inseparable. The seamless marriage of e-discovery assurances and analytics tracking will definitely take the load off corporations scrambling to pull the house in order.
The purchase was made for about US$ 375 million, a total that doesn't account for a series of deductions, all funded by an underwritten placing, a term loan and a cut of Autonomy's own reserves. Autonomy, which will be absorbing all outstanding securities, expects the acquisition to make back its weight in the first six months.
The transaction will be complete in August 2007, pending regulatory approvals. CEO Steve King of ZANTAZ will remain in his position under the Autonomy transition.
ZANTAZ customers include nine of the top 10 global law firms, 14 of hte top 20 financial securities firms and 11 of the Fortune 25.