Autonomy Buys Secure “Cloud” Assets

U.K. software group Autonomy Corp. said Monday it has agreed to buy selected assets of U.S. information management company Iron Mountain Inc.’s digital division for $380 million in cash, in a move aimed at strengthening its cloud offering.

Autonomy–which makes software that helps companies keep track of their mass of e-mails, phone calls and documents–said the acquisition consists of the digital archiving, e-discovery and online backup and recovery solutions of Iron Mountain Digital.

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