By Marcus Leach

Hewlett-Packard have finally completed the buyout of UK software firm Autonomy for $12 billion (£7.8 billion).

The deal was completed without former chief executive Leo Apotheker, who having initiated the deal was replaced as shares in HP began to fall.

“We are committed to helping our customers solve their toughest IT challenges. The exploding growth of unstructured and structured data and unlocking its value is the single largest opportunity for consumers, businesses and governments,” said Meg Whitman, HP president and chief executive officer.

“Autonomy significantly increases our capabilities to manage and extract meaning from that data to drive insight, foresight and better decision making.”

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