One company focuses on tasks, while the other… HP's folly peaked in 2011, when it acquired British software firm Autonomy for $11 billion. A merger between two companies is meant to foster growth. Shortly after Hewlett-Packard appointed Leo Apotheker to lead the company, the board approved the acquisition of the UK-based software company, Autonomy. While HP had demonstrated capability in the hardware market, they possessed very little prowess in software and computing.
Case Study of a Failed M&A—Introduction to HP’s Acquisition of Autonomy By Amanda Bonney and Dillon Papenfuss October 29, 2018 Shortly after Hewlett-Packard appointed Leo Apotheker to lead the company, the board approved the acquisition of the UK-based software company, Autonomy. Within a year of being hired, Apotheker spearheaded HP’s acquisition of Autonomy, a software company founded at the U.K.’s Cambridge University. HPE acquisitions have accelerated strategy, filled critical portfolio gaps, and enhanced competitive positioning. Thus, Apotheker attempted to catalyze HP’s entrance in the software market by buying an already well-established company.Although HP claims that the write down was due to “accounting improprieties”Case Study of a Failed M&A—The Role of Environment in HP’s Acquisition of Autonomy The environment, specifically the perception of the public, lead to negative media coverage and concerned shareholders.Case Study of a Failed M&A—The Role of Communication in HP’s Acquisition of Autonomy Lack of communication by both HP and Autonomy lead to Autonomy functioning as an independent unit. HP wrote down the value of that acquisition by more than 50% -- about $8 billion -- in 2012.
The acquisition of Autonomy represented a marked shift in strategy for HP. DATE ANNOUNCED FISCAL QUARTER COMPANY ACQUIRED HPE BUSINESS SEGMENT ; 8/5/2019: Q4 FY19: Next Generation Data Platform for AI and Analytics: Hybrid IT Product: 5/17/2019: Q3 FY19: Supercomputing, Storage, Analytics, and AI (pending) Hybrid IT Product: 12/4/2018: Q1 FY19: … Between 2012 and 2013, HP had no acquisitions in any of its business segments as the firm was recouping an $8.8 billion write-off suffered as a result of acquisition of British software company Autonomy Corporation for $11 billion in 2011. Discover which companies collapsed after merging. ‘Mergers and Acquisitions’, inherently, have a failure percentage. The majority of …
This series explores management’s cultural misstep using the Mergers and Acquisitions Synergies Framework to examine how this acquisition ultimately lead to a failed merger.On September 7, 2016 Hewlett Packard Enterprise Co. announced an $8.8 billion deal to sell the bulk of its software division to Micro Focus International PLC.
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hp failed acquisitions