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Autonomy Buys Secure "Cloud" Assets

Published on May 16, 2011
by Lilly Vitorovich

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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