$20m deal for Autonomy | Business Weekly

Tuesday, 05 July 2011 09:01 Business Weekly

$20m deal for Autonomy

Autonomy Corporation in Cambridge has clinched a deal with a global insurance company that is expected to be worth $20 million (£12.43m) over the next few years.

Autonomy’s share price in London was up 13p to 1,752 on early trading this morning.

Because of client confidentiality, the Cambridge company rarely puts a name to its contract successes. The insurer concerned is licensing Autonomy's Intelligent Data Operating Layer software.

Autonomy is a global leader in infrastructure software for the enterprise and spearheads the Meaning Based Computing movement.

IDC recently recognised Autonomy as having the largest market share and fastest growth in the worldwide search and discovery market.

Autonomy's software puts structure into often chaotic web-based information and will shepherd text, email, web pages, voice, or video into the most productive areas for an organisation to store and access.

Its customer base comprises more than 20,000 global companies, law firms and federal agencies. Clients include BAE Systems, Bloomberg, Boeing, Coca-Cola, Daimler AG, Deutsche Bank, FedEx, GlaxoSmithKline, The Lloyds Banking Group, NASA, Nestlé, the New York Stock Exchange, Reuters, Shell and various US government departments.

via businessweekly.co.uk