Sept. 16, 2011: Autonomy Was The Only Answer
HP Non-Executive Chairman Ray Lane continued his staunch defense of the Autonomy acquisition at the InformationWeek 500 Conference. Lane claimed the deal would make HP a leader in unstructured information management. "We need a larger software portfolio to do that," he said. Bottom line, said Lane, is that Autonomy's technology is unique. "If we want a position in information management, especially the 85 percent of the world that is unstructured, not the 15 percent that is structured, then we've got to either develop that technology or buy that technology," he said. "Autonomy was the only answer."