FT.com / Companies / IT - Autonomy to fund growth with £70m share placement

FT.com / Companies / IT - Autonomy to fund growth with £70m share placement

Autonomy, the Cambridge-based search software company, is planning to raise an estimated £70m from a share placement.

It indicated that the money from the placement of 9.5m new shares would not be earmarked for acquisitions but used to fund growth and for "general corporate purposes".