No one's safe from the M&A bug. UK firm Autonomy has just agreed to purchase Belfast-based Meridio for US$ 40.8 million.
Meridio is a global provider of enterprise document
and records management
software. Earlier this month, it updated
its proprietary offering for easier integration with Microsoft Office SharePoint Server (MOSS
) and MS Exchange.
Not a bad relationship for its new parent company to inherit.But that's not all Autonomy's getting. According to Silicon Republic
, Autonomy also acquires a hearty serving of "US Department of Defence (DoD) approved software [and] security cleared sales and engineering staff, enabling further penetration into that lucrative market."
Not a bad exchange.
The combination is expected to yield a fairly comprehensive archiving, eDiscovery and
certified records management solution on one platform.
That all sounds nice. But how many of you like the sound of eating at a place that sells doughnuts, pizza and Chinese food? I've done it. It's not nice.
But Autonomy likes rolling dice. Over the summer it purchased US-based eDiscovery competitor ZANTAZ
for US$ 375 million in cold, hard (i.e. neither warm nor soft) cash. Share thoughts here