Hewlett-Packard last night closed its $10.24 billion purchase of British software company Autonomy, a deal which contributed to the downfall of former HP chief executive Leo Apotheker.
The California-based HP said 87.34% of the stockholders of Autonomy had approved the offer for the company made in August.
"As such, all conditions relating to the offer have now been satisfied, allowing HP to acquire control of Autonomy," the company said in a statement.
The Autonomy acquisition positions HP as a "leader in the large and growing enterprise information management space," HP said. "We are committed to helping our customers solve their toughest IT challenges," HP's new chief executive, Meg Whitman, said in a statement.
Whitman, the former chief executive of eBay, replaced Apotheker as CEO of HP last month. Apotheker was removed by the board after less than 11 months at the helm.
Apotheker announced the Autonomy acquisition in August as part of a strategic shift by the world's top personal computer maker that also included a possible spinoff of its PC unit. HP shares plunged 20% the next day and lost 40% of their value during Apotheker's tenure.
