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HP buying Autonomy for $10.3 Billion

August 19th, 2011 by Joseph Ruthaford

So it looks like HP is going off the beaten path and starting to move towards software development. HP is buying Autonomy Corp. which is a software development company. With this purchase the CEO Leo Apotheker, is trying to lessen the company’s reliance on the PC market as they feel the demand will fall closer to Apple with the iPad. They are also going to try and expand their cloud services.

“Their focus is on being more of a software and services company and not dependent on the hardware businesses,” said Michael Gartenberg, an analyst at Stamford, Connecticut-based Gartner Inc. “The hardware business has become a difficult business. In many ways it’s a commodity-driven business. This is a major strategic shift for HP.”

So now we shall see what happens, will HP scrap the touchpad and just focus mainly on the software development side? What will this mean for other divisions of HP? Could we be looking at no more PC’s from HP? Lots of questions not enough answers right now.

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