Lynch eyes Aurasma buy-back

Mike Lynch, the Cambridge UK entrepreneur who built Autonomy Corporation may soon be talking to his old employee HP again – about buying back Aurasma, its augmented reality division based.

Aurasma, based in Cambridge and London, is enjoying increased global traction and Lynch is said to be keen to reclaiming this particular jewel from HP/Autonomy’s crown.

Aurasma MD Martina King quit the company not long after senior Autonomy management had resigned in frustration at the way HP was handling integration of the Cambridge businesses – acquired for more than $11bn last year.

 

Lynch could use a new technology fund – revealed today by US business and financial news site Bloomberg  – as vehicle for the buyback.

 

Lynch recently increased his investment in high flying Cambridge company Featurespace and told Business Weekly after HP bought Autonomy that he was looking to increase his portfolio of global investments, notably in the software space “which is the space I know best.”

Bloomberg has reported that Lynch’s new investment company will be based in London but confirmed Business Weekly’s 2011 exclusive that worldwide plays would be on the agenda.

The new venture is good news for software businesses everywhere – a venture capitalist who really understands technology and what it takes to build a world class software company.

from Business Weekly