Darktrace & Autonomy - Following the Money

1
Darktrace and Autonomy - follow the money

• Chronology of events August 19, 2011 - Nov 30,
  2018

2
August 19, 2011

• "Shares in Autonomy soared after Hewlett-Packard
  announced a 11 billion deal to buy the
  company..."
• "Mr Lynch still holds an 8 stake in Autonomy,
  worth more than 800M at the takeover price..."
• Source https//www.ft.com/content/964fb710-c9d3-1
  1e0-b88b-00144feabdc0

3
October 8, 2011

• "Hewlett-Packard has completed the 12 billion
  buyout of UK software firm Autonomy."
• Source https//www.bbc.com/news/business-15161453
  

4
May, 2012

• "To help HP's Autonomy performance, says the
  company, they'll be replacing Lynch with
  executive vice president of HP Software Bill
  Veghte."
• Source https//www.slashgear.com/hp-autonomy-co-f
  ounder-mike-lynch-replaced-23229567/

5
September 1, 2012

• "Invoke Capital Partners was founded by Dr Mike
  Lynch, members of the senior management team from
  Autonomy, ... with access to 1bn in capital."
• "Unlike many UK-based venture funds, Invoke is
  incorporated in the British Virgin Islands..."
• Source https//www.crunchbase.com/organization/in
  voke-capital
• Source https//ftalphaville.ft.com/2017/02/17/218
  4544/why-isnt-mike-lynch-spending-more-of-his-1bn-
  technology-fund/

Did you know? The British Virgin Islands are
included on the most recognized lists of tax
havens and do not have capital gains, profit and
corporate taxes. Source https//en.wikipedia.org
/wiki/Taxation_in_the_British_Virgin_Islands
6
November, 2012

• "H-P Says It Was Duped, Takes 8.8 Billion
  Charge."
• "An internal investigation had revealed "serious
  accounting improprieties" and "outright
  misrepresentations" in connections with
  Autonomy..."
• Source https//www.wsj.com/articles/SB10001424127
  887324352004578130712448913412

7
June 10, 2013

• Darktrace Ltd. incorporated in the United Kingdom
  with a single shareholder, Invoke Capital
  Partners
• Source https//beta.companieshouse.gov.uk/company
  /08562035/filing-history?page3

8
September 1, 2014

• Nicole Eagan, former Autonomy CMO, is appointed
  Director of Darktrace Ltd.
• Source https//beta.companieshouse.gov.uk/officer
  s/l3Dj2GmPznrX3E8vEJFkuv7VyCs/appointments

9
February 27, 2015

• Dr. Michael Lynch, former Autonomy CEO, is
  appointed Director of Darktrace Ltd.
• Source https//beta.companieshouse.gov.uk/officer
  s/jhw7JlixxGNBKeOLGgRWoy-0rL0/appointments
• Sushovan Hussain, former Autonomy CFO, is
  appointed Director of Darktrace Ltd.
• Source https//beta.companieshouse.gov.uk/officer
  s/YmhmZ4ouKbk7E-ym5oDXzBzDYTM/appointments

10
March 31, 2015

• "Hewlett-Packard is suing Autonomy co-founder
  Mike Lynch and former chief financial officer
  Sushovan Hussain for about 5.1bn."
• Source https//www.bbc.co.uk/news/business-321315
  29

11
October, 2015

• "Autonomy founder and ex-CEO Mike Lynch is suing
  HP for at least 150m in damages over its
  assertion that he helped cook the books to
  inflate the price it paid for the software firm."
• Source https//www.theregister.co.uk/2015/10/01/l
  ynch_sues_hp/

12
November 1, 2016

• Sushovan Hussain resigns as Director of Darktrace
  Ltd.

13
November 10, 2016

• Autonomy's former CFO, Sushovan Hussain, is
  indicted on 16 counts of conspiracy, wire fraud,
  and securities fraud in connection with HP's 11
  billion acquisition of Autonomy in 2012.
• Source https//www.complianceweek.com/blogs/accou
  nting-auditing-update/former-autonomy-execs-face-f
  raud-charges-in-hp-deal
• Source https//www.govinfo.gov/content/pkg/USCOUR
  TS-cand-3_16-cr-00462/pdf/USCOURTS-cand-3_16-cr-00
  462-4.pdf

14
January 12, 2017

• "Autonomy Corp.'s former chief financial officer
  pleaded not guilty to charges he schemed to
  inflate the price of his company's 11 billion
  takeover by Hewlett-Packard..."
• Source https//www.bloomberg.com/news/articles/20
  17-01-12/ex-autonomy-cfo-pleads-not-guilty-in-hp-a
  ccounting-fraud-case
• Did you know?
• 65 of Darktrace's current executive team held
  senior leadership or executive positions at
  Autonomy.
• Source https//web.archive.org/web/20170714210956
  /https/www.darktrace.com/executive-team/

15
July 14, 2017

• References to Autonomy were removed from 11
  executive biographies on the darktrace executive
  team page.

16
April 30, 2018

• "The former chief financial officer of Autonomy
  Corp. was found guilty of orchestrating an
  accounting fraud to arrive at the 10.3 billion
  price Hewlett-Packard Co. paid for the U.K.
  software maker more than six years ago."
• Source https//www.bloomberg.com/news/articles/20
  18-04-30/former-autonomy-executive-hussain-convict
  ed-of-accounting-fraud

17
November 14, 2018

• U.S. District Court issues a subpoena requiring
  Invoke Capital to produce documents including
  those related to correspondence, financial
  transactions, share valuations, and sales
  involving Sushovan Hussain, Dr. Michael Lynch,
  Invoke Capital, and Darktrace.
• Source https//www.plainsite.org/dockets/32xi6cil
  a/california-northern-district-court/usa-v-hussain
  /?
• "Hussain Ties to Ex-Autonomy CEO May Imply Hush
  Money, US. Says"
• ""Where the same circle of participants who
  defrauded Autonomy's Investors, HP, and HP's
  investors are still reliant on the wealthiest of
  the co-conspirators, the government has
  legitimate concerns about hush money,"
  prosecutors said in the filing."
• Source https//www.bloomberg.com/news/articles/20
  18-11-20/hussain-ties-to-ex-autonomy-ceo-may-imply
  -hush-money-u-s-says

18
November 29, 2018

• "Ex-Autonomy CEO Michael Lynch indicted for Fraud
  Tied to 2011 HP Deal."
• "Prosecutors had long identified Lynch, 53, as a
  co-conspirator with his chief financial officer
  at Autonomy, Sushovan Hussain, who was found
  guilty in April..."
• Source https//www.bloomberg.com/news/articles/20
  18-11-29/ex-autonomy-ceo-lynch-indicted-for-fraud-
  tied-to-2011-hp-deal

Did you know? Darktrace and Invoke are located at
the same offices in Cambridge and
London. Source www.invokecapital.com Source
www.darktrace.com/en/contact/
19
November 30, 2018

• Dr. Michael Lynch resigns as a director of
  Darktrace Ltd.
• You can find more information here
  https//medium.com/_at_kosev.luca/darktrace-and-auton
  omy-tracking-down-all-the-money-and-ceos-d45552d9e
  0a6