HP announced its intent to acquire Autonomy, an enterprise software magnate, for up to $10 billion. Autonomy’s archiving portfolio includes technology and assets from CA and Iron Mountain.

The acquisition of Autonomy greatly strengthens HP’s enterprise software portfolio, especially when it comes to enterprise archiving. Autonomy’s archiving solutions are market tested and have proven themselves as a legitimate force in the archiving market. Coupled with Autonomy’s possession of previous acquisitions, CA, and Iron Mountain’s archiving technology and assets, Autonomy represents a golden cache of archiving assets for HP’s renewed focus for enterprise software. The move succeeds HP’s announcement of its renewed direction, and the acquisition of Autonomy is a bold first move into reinventing HP as an enterprise-focused company.