Qatalyst Autonomy Presentation 2

January 14, 2020

DarkCyber spotted a link to a second presentation apparently prepared by Qatalyst Partners prior to Hewlett Packard’s purchase of Autonomy in 2011. This second slide deck covers:

  • Historical trading performance and related financial data
  • Shareholder ownership
  • Comparative financial data; for example, Google, Oracle, HP, and other firms.

If you want to check out the first Qatalyst Autonomy presentation, you can find that document at this link. You may be able to locate other Autonomy documents via some scouting around on the Vdocuments.mx site.

These documents are almost a decade old, but they provide useful information for anyone considering an investment in or purchase of an organization engaged in enterprise search and text analysis software.

Documents like these provide some of the factual foundation we use in our reports and analyses. It is far easier to talk about the revenue potential of search and text processing. It is far more difficult to generate sustainable revenue and growing profits.

Why?

The reasons include:

  • Ignoring the highly particularized nature of search and text analysis; that is, one size fits all doesn’t, so expensive, one off tailoring is required
  • Making a search or text analysis sale is time consuming. The reasons range from “we have been burned before” to “this got the previous information people fired.”
  • Keeping the search and text analysis system up and running is expensive.
  • Staying competitive is very expensive. Innovation is easy to talk about but difficult to deliver.
  • Growth requires acquisitions, and these just add to the cost of dealing with the technical debt the acquirer has to generate money to pay.

Net net: Documents like these are useful and often difficult to obtain.

Stephen E Arnold, January 14, 2020

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