Interwoven Inc &
Autonomy Corp PLC | Update Date: 02/12/09 |
| Date Announced: 01/22/09 |
| Value (million $USD): 781.0 million U.S. Dollar |
|
| Status: Pending | |
| TRANSACTION DETAILS |
|---|
| Date Announced | 01/22/09 | | |
| Date Originally Announced | 01/22/09 | | |
| Format | Merger | Acquisition techniques | Not Applicable |
| Attitude | Friendly | Agency | Justice Department; Federal Trade Commission; Unspecified Regulatory Auth. |
| Value | 781.0 million U.S. Dollar | Advisor Fees | Interwoven Inc (II) agreed to pay Barclays Capital a contingency fee of an estimated $7.2 mil, upon consummation of the merger. II agreed to pay Credit Suisse a reasonable and customary compensation for the rendering of its fairness opinion. |
| SYNOPSIS |
|---|
| US - Autonomy Corp PLC definitively agreed to acquire all the outstanding common stock of Interwoven Inc, a developer of Internet- based content management software, for $16.2 in cash per share, or a total value of $781.029 mil. The transaction was subject to customary closing conditions, regulatory and shareholder approvals. |
| TARGET |
|---|
| Name | Interwoven Inc (IWOV) |
| Industries | Computer programming services; Information retrieval services; Telephone communications, except radiotelephone; Computer facilities management services |
| City | San Jose |
| State | CA |
| Nation | United States |
| Incorporated in | CA |
| Public Status | Public |
| Business Description | Interwoven Inc, headquartered in San Jose, California, is a developer of Internet-based content management software. The company's software products include tools for collaborative document management, e-mail management, image processing, Web content management, digital asset and records management, and content distribution. The company also offers installation, project management, and workflow strategy services. The company serves clients such as Adidas, Airbus, Avaya, BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton Hotels, Hong Kong Trade and Development Council, HSBC, LexisNexis, MasterCard, Microsoft, Samsung, Shell, Qantas Airways, Tesco, Virgin Mobile and White & Case. The company was founded in 1995. |
| Advisors | Credit Suisse; Barclays Capital |
| Target Sales | 260.3 million U.S. Dollar |
|
| ACQUIROR |
|---|
| Name | Autonomy Corp PLC (London : AU.) |
| Industries | Computer related services,nec |
| City | Cambridge |
| State | n/a |
| Nation | United Kingdom |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Autonomy Corp PLC develops infrastructure and information management software including Portal-in-a-Box, Retina, CEN, Autonomy Answer, Enterprise AWE and Desktop Suite and currently focused on meaning-based computing. The company, based in Cambridge, was established in 1996. The company has several divisions, the Aungate, Cardiff, etalk, Ultraseek, Zantaz and Virage. Its core technology is the Autonomy IDOL Servier. |
| Advisors | Deutsche Bank AG; Morgan Stanley |
| Acquiror Sales | 400.3 million U.S. Dollar
273.2 million British Pound |
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