iManage provides a work management solution that is targeted at legal, accounting, and financial services firms. iManage has some 3,000 customers around the world, including over 1,800 law firms. iManage itself was first acquired by content management vendor Interwoven in 2003, which was subsequently acquired by Autonomy in 2009. So when HP acquired Autonomy in August 2011, iManage was part of the deal. The Autonomy acquisition was seen as an absolute fiasco and saw HP claim that Autonomy’s executives committed fraud and significant accounting “irregularities.” The upshot was that HP paid far too much for the company and later took a write down of close to $10 billion related to Autonomy.
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