The U.S. Department of Justice has launched an investigation into Autonomy, the U.K.-based enterprise software company acquired by Hewlett Packard (H.P.) for $11 billion in 2011, H.P. announced in an annual filing with the Securities and Exchange Commission on Thursday.
The struggling PC-maker H.P. acquired Autonomy only to turn around in November 2012 and declare most of the Autonomy deal -- $8.8 billion -- a write-down, after H.P. said it uncovered "serious accounting improprieties" in Autonomy's books.
The Justice Department, which H.P. said first advised H.P. of the investigation on November 21, joins the S.E.C. and the U.K. Serious Fraud Office in looking into Autonomy's books. Autonomy's former CEO Mike Lynch has stated that H.P.'s allegations don't ring true to him.