Ex-Autonomy Boss Testifies 'New' Product Was No Pretense
Law360, London (June 27, 2019, 5:26 PM BST) -- The founder of Autonomy on Thursday denied repackaging an existing product as a new tool to flatter the company's financial performance ahead of Hewlett Packard's disastrous acquisition of the British software firm, in his second day testifying at Britain's biggest ever fraud trial.
Mike Lynch, the tech investor once described as Britain's answer to Bill Gates, said a database search product called SPE launched by Autonomy in 2009 was a new product despite being built out of the company's existing technology, known as IDOL, centered on text-heavy unstructured data.
HP claims the launch of SPE was a pretense used to bolster...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!