Autonomy reports investment bank deal

Source: Autonomy Corporation

Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, today announced that it has recently won multi-million deal with a customer in the investment banking sector for the provision of compliance software.

The deal, the first part of which has been entered into and for which Autonomy has been selected for subsequent parts, is expected to be one of the most significant contracts Autonomy has won. The revenues from this contract will be recognised over a 2 year period.

Commenting on the deal, Dr. Mike Lynch, Group CEO of Autonomy said today: "The change in the business and regulatory environment has firmly established unstructured information, risk and compliance issues at the top of major financial institutions' agendas. These issues have been driving the largest deals in Autonomy's history."

Comments: (0)