Autonomy’s Lynch defends record as HP confirms Federal probe

Posted on December 28, 2012

Mike Lynch, Founder and Chairman of Autonomy Corporation, poses for photographers at an awards ceremony in central LondonLONDON (Reuters) – Mike Lynch, the founder of the software firm sold to Hewlett-Packard last year in a deal tainted by accusations of accounting fraud, said he would defend the company's accounts to U.S. Federal investigators. HP confirmed in a filing late on Thursday that the U.S. Department of Justice was investigating Autonomy's books. The PC and printer maker bought the British company for $ 11 billion last year to lead its push into the more profitable software sector. Autonomy did not deliver the growth expected, resulting in Lynch's departure earlier this year. …


Full Story Via Tech News Headlines – Yahoo! News

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