Autonomy wins contract from UK finance regulator

Software group Autonomy said yesterday it had signed a major deal with a UK regulator, believed to be the Financial Services Authority.

The group, whose share price fell after it revised its sales estimates down by three per cent last week, said it had entered into “a multi-million dollar agreement with a UK regulatory authority responsible for financial industry oversight”, although it declined to give further details.

The contract is understood to involve Autonomy’s technology used by government agencies and companies to organise and analyse data in the area of compliance. Cambridge-based Autonomy has more than 20,000 customers including BAE Systems, the BBC, and Deutsche Bank.

Despite the deal shares in the firm ended 1.4 per cent down at 1,424p.