Autonomy profits from US battlefront
SOFTWARE company Autonomy profited from America's war on terrorism and corporate fraud today with a landmark deal with one of the world's largest data firms.
Sybase of San Francisco, which claims its systems power more than half the trades on Wall Street, has signed up one of the Cambridge firm's key information retrieval products to make its customer support run more efficiently.
One of Autonomy's products will be used to back up Sybase's systems, which include the Sybase PATRIOT-compliance Solution, tailored for fraud detection in financial services firms.
The deal itself is reckoned to be worth only half a million dollars according to analysts but it is seen as a prestigious deal as Sybase ranks second only to Oracle in the world of data management.
Autonomy, whose directors include American right-wing defence expert Richard Perle, has made a name for itself in providing anti-fraud software.
Perle is currently fighting his own corporate battle as a director of Hollinger, the company that controls the Telegraph group, which is accused of having looted $300m from the newspaper publishing empire.
Court papers recently filed by a major shareholder accuse Perle and his fellow Hollinger non-executives of negligence for failing properly to scrutinise the actions of Lord Black, Hollinger's head.
