No more big software acquisitions for HP, CEO says

HP will not make any more big software acquisitions following its purchase of Autonomy for nearly $12 bn, its new chief executive said.

SAN FRANCISCO: Hewlett-Packard Co will not make any more big software acquisitions following its purchase of Autonomy for nearly $12 billion, its new chief executive said on Wednesday.

"It's certainly the end of big acquisitions," said CEO Meg Whitman when asked about software acquisitions. "We have got to integrate Autonomy. We've got to make this acquisition work."

Buying the Cambridge, England-based company, whose software searches unstructured data like emails, phone calls and tweets that do not fit into traditional databases, was one of a raft of surprise moves that former HP CEO Leo Apotheker made in August.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › ITeS › No more big software acquisitions for HP, CEO says
Text Size:AAA
Success
This article has been saved

*

+