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Autonomy to Buy U.S. Software Firm Verity.
Publication: eWeek Publication Date: 04-NOV-05 |
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COPYRIGHT 2005 Ziff Davis Media Inc.
LONDON (Reuters) - Britain's Autonomy Corp Plc agreed on Friday to buy U.S. peer Verity Inc for $500 million in cash to gain a dominant position in the information handling software market and boost earnings.
Autonomy said it was raising 153 million pounds via a fully-underwritten rights issue to help pay for Sunnyvale, California-based Verity which supplies search and process management software to 15,000 customers worldwide.
Autonomy shareholders will be offered one...
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