Autonomy founder Mike Lynch creates website to battle HP claims
Published 04/12/2012 | 17:03
MIKE Lynch, the founder of the software firm Autonomy, has intensified his public battle with HP over allegations of accounting improprieties by setting up a website to rebut the claims.
It is his latest move ahead of what is expected to be a bitter court battle over billions of pounds.
HP bought Autonomy for £6.2bn (€7.6m) last year, but last month revealed it would take a write off £3.1bn on the deal and alleged that the Cambridge-based firm’s former management “inflated” its value in a “wilful effort to mislead”.
On his new website, Dr Lynch, who left HP just seven months after the deal and says he was fired, repeats his flat rejection of the claims. He says he is maintaining the website himself on behalf of Autonomy’s former management team.
“This site is designed to be a public point of contact for Dr Mike Lynch and other former managers at Autonomy with the wider world,” the website, Autonomyaccounts.org, says.
“It will contain information about Autonomy and any public statements made on behalf of the former management team related to these issues.”
The first postings include a letter to the HP board, made public last week and responding to HP’s claims in details, and a video of an American television interview with Dr Lynch, one of many media appearances he has made since the controversy was sparked.
In a Telegraph interview last week, Dr Lynch blamed HP for mismanaging the acquisition and said it tried to “silence me with one killer blow” by making its allegations public.
HP has said it will aim to recover some of the money it lost on the deal through the courts. Autonomy makes software for searching unstructured corporate data such as emails, and was meant to help HP refocus on high margin software and services rather than its increasingly commodotised hardware business.
By Christopher Williams Telegraph.co.uk