Mike Lynch said that the acquisition in 2011 had been doomed from the start HENRY NICHOLLS/REUTERSThe founder of Autonomy has accused Hewlett Packard of “destroying” the British software company through a “botched” integration process and bitter internal feuding. Mike Lynch said that the 2011 acquisition had been doomed from the start because of the incompetence of Meg Whitman, chief executive of HP at that time, and the company’s senior management. The entrepreneur, 53, said that he has been made a “scapegoat” for the failed acquisition, which HP has blamed on an alleged accounting fraud said to have been masterminded by Autonomy’s founder and a close associate. Mr Lynch’s accusations came in a 290-page written statement to Britain’s largest civil fraud case. HP is suing Mr Lynch and Sushovan Hussain, 55, its finance director, for $5 billion in damages.

Source: The Times June 26, 2019 23:00 UTC