The spin-off, along with a $10 billion purchase of Autonomy Corp., are expected to be announced today or tomorrow.
Autonomy is an enterprise software company that "develops a variety of enterprise search and knowledge management applications using adaptive pattern recognition techniques centered on Bayesian inference in conjunction with traditional methods."
A few of its customers include multinationals like Coca-Cola and Nestle.
HP has been looking to expand into software and the cloud, which historically have higher margins than PCs.
Written by: Andre Yoskowitz @ 18 Aug 2011 13:26