I thought I’d summarize some of the press I see about the iManage spinout from HP. If you come across other updates, feel free to enter them in the comments. I have to admit from the perspective of an association that relies on independent companies as members; I’m kind of glad to see the acquisition pendulum go in the other direction for a change. We don’t take official positions on these types of things, but it does seem to be a win/win for both HP and iManage.
“The iManage leadership team today announced that it had completed a buyout from Hewlett-Packard (HP) for the purchase of the complete iManage business, including its brand, products, and services. iManage co-founder and current General Manager Neil Araujo is the CEO of the management-owned company, now one of the largest independent software companies focused on work product management solutions for professional services firms and their clients. Rafiq Mohammadi, also a co-founder and former CTO of iManage, is returning to the company as Chief Scientist.”
“Another week, another divestiture in the content management and collaboration market. A new - or more accurately, a re-newed - player enters the Enterprise Content Management market this week as iManage and HP make an apparently amicable split. Executives with longstanding roots in the iManage and Interwoven businesses, including Neil Araujo and Dan Carmel, have executed a management buyout to spin a revitalized iManage business out of HP’s Software division.” Read More…
“Things couldn’t look any brighter nor the sky any higher for iManage and its co-founder and CEO Neil Araujo. Araujo leads the management team that bought enterprise content management company iManage out from under the weight of HP. HP, we should note, acquired iManage when it purchased Autonomy (2009). And Autonomy inherited iManage via its acquisition of Interwoven (2004). Talk about getting buried in the infrastructure of a megafirm. But no more.” Read More…
“In addition to Worksite (document and email management – being rebranded as iManage Work), the HP products in this transaction include LinkSite (secure file sharing – being rebranded as iManage Share), Universal Search (enterprise search and analytics – being rebranded as iManage Insight), and WorkSite Records Manager (records and information governance – being rebranded as iManage Govern). iManage will also resell relevant HP products, including Teleform and HP Process Automation, and will have continuing access to other relevant technology.” Read More…
“While corporate splits are the flavor of the week, there is also a lot of divestment going on as large IT vendors focus on their core business (or at least try to). Today's example sees HP divest itself of its iManage business.” Read More…
“Neil Araujo and Rafiq Mohammadi launched a document-software company, iManage, 20 years ago, after graduating from the University of Illinois at Chicago. It's been a crazy ride since then. The company went public during the dot-com boom and was acquired, changing hands until it ended up as part of tech giant Hewlett-Packard. Now iManage is becoming a private company again, spinning off from HP.” Read More…
“Work product management is serious business. Being able to securely store and quickly find information from our world of disjointed communications is critical to providing client service. It will be interesting to see how an independent iManage is received in the market.” Read More…