Autonomy Corp. plc, a global leader in infrastructure software, will acquire Interwoven Inc., a provider of software and services-for-content management solutions, for $16.20 in cash per share for a total transaction value of approximately $775 million.
Autonomy, a global infrastructure software company, is based in the UK. The deal was funded by a share sale by Autonomy, a $200 million loan provided by Barclays, and cash reserves.
The directors and certain executive officers of Autonomy and Interwoven have agreed to vote the shares they own in favor of the acquisition. The transaction is expected to close by the second quarter of 2009 and is subject to shareholder approval by both companies, Hart-Scott-Rodino antitrust clearance, and other closing conditions.
