Friday 25 May 2012

Insults fly over troubled HP buyout

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As many as a quarter of the staff at Autonomy quit the British software group soon after its acquisition by HP, former employees said, with one likening the US computer maker’s internal procedures to “being water-boarded” almost daily.
The $10.3bn deal in August was the biggest acquisition of a European IT company and heralded by Leo Apotheker, HP’s chief executive at the time, as a chance for HP to gain leadership in searching unstructured data with Autonomy’s “well-regarded management team and talented, dedicated employees”...

from Financial Times

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