Autonomy Corp. Plc (AU.L) said that it has acquired MicroLink LLC, an Autonomy reseller targeting U.S. state and federal government accounts.
The acquisition was for a purchase price of $55 million in cash, after disposal of a portion of the MicroLink business prior to the transaction, and is based on a zero net working capital position.
The transaction is intended to accelerate the adoption of Autonomy technology in this important and growing area of US government expenditure, allowing Autonomy to take a larger part in these contracts.
The transaction is not expected to have a material impact on 2010 prospects or results, neither on revenue nor profits, nor on cash or cash flows of the group.
by RTT Staff Writer
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