Hewlett-Packard is leaving no stone unturned to benefit it most from the controversial $10 billion acquisition.
In its statement on Tuesday, Hewlett-Packard (HPQ) clearly mentioned about its development of new products which, according to the company’s view, will be combining software maker Autonomy's ability to help efficient sorting of the unstructured data with other analytics software and HP's commercial computer hardware.
Moreover, the company also said that the new products will be primarily allocated to help business and government customers collect all the required information from a variety of sources, be it traditional financial records, social networking posts, some other useful patterns or trends etc.
Above confirmations have directly come from the HP Executive Vice President Mr. Michael Lynch, co-founder and CEO of Autonomy until HP bought the company this fall. As per analyst’s confirmations, HP lagged behind not only its biggest tech rivals but also some smaller software companies in the growing market.
“HP has not been a part of that conversation” for most customers, said Mr. Mark Smith of Ventana Research, an independent consulting firm. He added that IBM, Oracle (ORCL) and Germany's SAP "have all been capitalizing on" the burgeoning interest in data analytics.
Despite some experts’ praising for Autonomy's software, many calculated that the price of the deal was excessive by approximately ten times the Autonomy's annual revenue.
Many new products have been introduced one among all is an updated version of Autonomy's main product IDOL. Reports say that the above new version incorporates Vertica software to segregate all the unstructured data and analyze the structured one among all, Lynch said in an interview.
Next announcement came from HP, which also announced a new line of appliances or self-contained computer systems designed with Autonomy's software.
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