Saturday, November 24, 2012

Autonomy in PEU Hall of Fame

Autonomy PLC, the firm HP wrote down by $8.8 billion, was inducted into the European Private Equity and Venture Capital Association Hall of Fame in October 2008, roughly one month into the U.S. Financial Crisis. 

The logic for inducting Autonomy was "for being one of the rare European technology companies to grow from a start-up to a $1 billion dollar company in 10 years or less."

Adams Street Partners claimed Autonomy as an affiliate, prior to HP's buyout.  Deloitte audited Autonomy and staunchly defends its record.  Oddly, Autonomy may end up in a different PEU Hall of Fame, from $10 billion to $1 billion in 13 months or less."