Did Autonomy take on huge amounts of debt in order to finance this transaction and what is the likely financial strength of the business going forward?
Autonomy financed this transaction through a rights issue that raised $260 million, current cash balances of its own of approximately $75 million and the cash held within Verity. Autonomy has NO net debt and a healthy cash balance. Autonomy also took on approximately $60 million of debt although this is more than covered by its cash balance.
