Autonomy Buys Ediscovery Firm Zantaz

Jul 10, 2007

Autonomy Corp. has acquired Zantaz for $375 million in cash. Autonomy, of Cambridge, England, will operate Zantaz, of Pleasanton, California, as a division of Autonomy. Zantaz CEO Steve King will retain his position at the Zantaz division. Ediscovery is an emerging market within the field of data storage, archiving, and recovery. The combination of Autonomy and Zantaz has been intended to bring together consolidated archiving, ediscovery, analytics, and real-time policy management services into one system. Zantaz will bring to Autonomy an email archiving capability from the Zantaz portfolio both as a software product and as a hosted service offering. Autonomy will provide Zantaz with added market reach it had not been able to develop on its own. The deal is expected to close by August, if shareholder and regulatory approvals are granted.