Former managers deny Hewlett-Packard allegations

A software company in Cambridge accused of lying about its finances to Hewlett-Packard - the American company which bought it for more than £7bn last year - has denied the claims.

HP has alleged former members of Autonomy's management misled potential buyers over the company's real value.

An inquiry was launched after a whistleblower at Autonomy came forward with the allegations, which have been denied by the former managers. The case has now been referred to the Serious Fraud Office.


Cambridge software firm under fire

Bosses at computer giant HP took a £5.5bn hit after accusing former staff at a Cambridge software company it bought last year of misleading investors.