Microsoft buys Autonomy rival.
Investors Chronicle - magazine and web content, January, 2008
Autonomy's shares leap 9 per cent on software giant's $1.2bn takeover of enterprise search rival Fast Tim Bradshaw
Microsoft is to acquire Autonomy's main rival, Fast Search & Transfer, for $1.2bn (GBP0.6bn). The world's largest software company will make a more formidable opponent for Autonomy than Norway's Fast, with selling prices likely to fall as a result. But investors instead focused on Autonomy's own takeover potential, sending its shares up 9 per cent.
Microsoft will integrate Fast into its rapidly growing SharePoint Server product. A bundled proposition may not offer some of Autonomy's more advanced functions, but industry analysts Forrester suggest it may be harder for existing Microsoft customers to justify spending hundreds of thousands...
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