Mike Lynch is a British entrepreneur and businessman, best known as the co-founder and former CEO of Autonomy Corporation, a software company acquired by Hewlett-Packard (HP) in 2011.
UPDATE: Mike Lynch missing after superyacht sinking (Reuters)
EARLY LIFE AND CAREER
Born in 1965 in Hampshire, England, Lynch studied mathematics and computer science at the University of Cambridge. After completing his Ph.D., he co-founded Autonomy in 1996, developing advanced search and analytics software.
AUTONOMY AND HP ACQUISITION
Under Lynch's leadership, Autonomy grew rapidly, becoming a leading provider of enterprise software solutions. In 2011, HP acquired Autonomy for $11.1 billion, with Lynch remaining CEO until 2012.
ACCOUNTING DISPUTE AND LEGAL ISSUES
Following the acquisition, HP alleged accounting irregularities and misrepresentation by Autonomy's leadership, including Lynch. HP wrote down Autonomy's value by $8.8 billion, citing "serious accounting improprieties."
Lynch denied any wrongdoing, claiming HP's allegations were unfounded. The dispute led to a series of legal battles, including a UK High Court case, which Lynch won in 2022.
CURRENT VENTURES
Lynch has continued to invest in and advise various technology startups through his investment vehicle, Invoke Capital.
PHILANTHROPY
Lynch has supported various charitable initiatives, including the Lynch Foundation, focusing on education and healthcare.
PERSONAL LIFE
Lynch is married with three children and resides in the UK. In conclusion, Mike Lynch is a prominent British entrepreneur, known for his innovative ventures and leadership in the technology industry. Despite facing legal challenges, he remains active in the business world, investing in emerging companies and supporting philanthropic causes.
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