LONDON — Hewlett-Packard chief executive Meg Whitman said Autonomy Corp. remains a crucial part of its plans, despite allegations from HP that the U.K. enterprise-software company was overvalued when the U.S. firm acquired it.
“We remain committed to Autonomy; we remain committed to the brand, to Cambridge, to the U.K.,” she said at a news conference Wednesday. “It is an almost magical technology. … It plays into a big shift in the market, the area of Big Data, which HP should be in.”
Autonomy makes software that businesses use to search through different kinds of documents.
HP is locked in a legal battle with the founder and former executives of Autonomy over allegations that the U.K. company was fraudulently overvalued when HP bought it for $11 billion in October 2011.
The U.S. Justice Department and U.K. Serious Fraud Office have launched investigations into Autonomy’s past financial reports.
