HP Buys Autonomy Machine Learning Software Technology for $11 Billion–More Debt and A Stake in Health IT

Autonomy is basically data aggregating and machine learning technology and there’s a medical division that has been around for a long time and you can see the AMA, Kaiser and Sutter and a few other are using the software. There’s so much information out there and HP feels that $12 billion is a bargain? Larry Ellison said it was way over priced. In the video the CEO talks about the black box in the video and talks about how things change their meanings frequently. Larry could take the software or a similar offering and place it all in the new Oracle clouds and is now pushing parallel computing. BD

One other side comment, think we have any lawmakers that could appreciate this type of technology and better yet read how to use it:)

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(Reuters) - Hewlett-Packard completed its $12 billion buy of British software firm Autonomy on Monday, the centerpiece of a botched strategy shift that cost ex-chief executive Leo Apotheker his job last month.

Autonomy

HP said its 25.50 pounds-per-share cash offer -- representing a 79 percent premium that many HP shareholders found excessive -- had been accepted by investors representing 87.34 percent of the company's shares, well ahead of the 75 percent threshold needed.

Buying the Cambridge, England-based firm, whose software searches unstructured data like emails, phone calls and tweets that do not fit into traditional databases, was one of a raft of surprise radical reforms announced by HP's Apotheker in August.

Apotheker also decided to close HP's Palm Web OS tablet and smartphone unit and sell or spin off its PC division.

The rushed announcements and concerns about the lofty price offered for Autonomy sent HP's stock, and Apotheker's credibility, plunging.