Enterprise search vendor Autonomy announced July 3 that it has acquired privately owned e-mail archiving and e-discovery/compliance provider Zantaz for $375 million in cash.
Zantaz will operate as a wholly owned subsidiary of U.K.-based Autonomy, CEO Stouffer Egan told eWEEK. Steve King, CEO of Zantaz, of Pleasanton, Calif., will retain his position as CEO of the Zantaz division of the Autonomy group.
The transaction is expected to be completed by August, Egan said.
Autonomy's Idol K2, acquired in the company's acquisition of Verity in 2005, is the dominant search engine in the corporate enterprise market.
Founded in 1996, Zantaz was one of the first companies to dedicate itself to e-mail archiving, electronic discovery and litigation support, and archive-on-demand. According to IT researcher IDC, Zantaz is the global market leader in content archiving and electronic discovery solutions, with about 1,000 blue-chip enterprise customers and about 25 percent market share.
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