Autonomy raises $100m for growth, aquisitions
Fast growing Autonomy Corporation plc (AUTN.L) said it had raised $100 million in a share placing to fund further growth and make unsepcified acquisitions.
The company said the 9.5 million shares were placed at 725 pence each.
"The placing was oversubscribed and represented a 0.96% discount to today's [Friday's]closing price," the company said in a statement. Autonomy's closing price was 732p on Friday, down 5% on the day.
Under CEO Mike Lynch (pictured) the Cambridge-based firm has enjoyed a succession of record revenue and profit reporting periods. It is a global leader in infrastructure software for the enterprise, with a long list of blue chip clients. Autonomy's technology powers applications dependent upon unstructured information including call center, customer relationship management, knowledge management, enterprise portals, enterprise resource planning, online publishing and security applications.
12th May 2007
