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What a fascinating time for search companies. We saw 2 companies with huge accounting irregularities purchased by large enterprise software vendors. The story b
by crawdog 5y ago
What a fascinating time for search companies. We saw 2 companies with huge accounting irregularities purchased by large enterprise software vendors. The story behind Fast's acquisition by Microsoft is just as crazy. It was called the "Enron of Norway" https://techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/ https://techcrunch.com/2008/07/03/did-the-enron-of-norway-pu..., and happened just 3 years prior!
Autonomy acquired Verity, they were the largest enterprise search company out there and HP had high hopes with their e-discovery solutions paired with storage. They didn't learn from Microsoft's mistake.
- catmanjan 5y agoIsn't it ironic that IDOL (one of autonomys big products) is now being pitched to do fraud detection!