Mike Lynch, former chief government officer at Hewlett-Packard Co.’s Autonomy unit, talking at a convention on Thursday, April 25, 2013.
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LONDON — British tech entrepreneur Mike Lynch is lacking after the sinking of a superyacht off the coast of Sicily, sources accustomed to the matter informed CNBC.
The sources, who most popular to not be named because of the sensitivity of the scenario, stated that Angela Bacares, Lynch’s spouse, was confirmed as having been rescued.
The superyacht, referred to as the Bayesian, capsized at round 5 a.m. native time whereas anchored off the coast of Porticello, a small fishing village situated within the province of Palermo in Italy, based on numerous media studies.
An ambulance is parked close to the harbor the place a search continues for lacking passengers after a yacht capsized on August 19, 2024 off the coast of Palermo, Italy.
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The vessel was reportedly struck by an unexpectedly violent storm.
No less than one man has died and 6 others had been reported lacking, whereas 15 folks had been rescued together with a 1-year-old child, NBC Information reported, citing native officers.
The yacht “abruptly sank” most certainly “because of the horrible climate situations,” the Metropolis Council of Bagheria stated, based on NBC.
A carabinieri automobile parked close to the harbor the place search continues for lacking passengers after a yacht capsized on August 19, 2024 off the coast of Palermo, Italy.
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Who’s Mike Lynch?
Lynch, 59, is the founding father of enterprise software program agency Autonomy. He grew to become the goal of a protracted authorized battle with Hewlett Packard after the U.S. tech large accused him of inflating Autonomy’s worth in an $11 billion sale.
HP took an $8.8 billion write-down on the worth of Autonomy inside a 12 months of shopping for it.
Lynch was extradited from Britain to the U.S. final 12 months to face trial over the HP allegations. In June, he was acquitted of fraud expenses following the trial, which lasted for 3 months.
Lynch was born in Ilford, a big city in East London, in 1965 and grew up close to Chelmsford in the English county of Essex. He attended the College of Cambridge, the place he studied pure sciences, specializing in areas together with electronics, arithmetic and biology.
After finishing his undergraduate research, Lynch accomplished a Ph.D. in alerts processing and communications.
Towards the tip of the Eighties, Lynch based a agency referred to as Lynett Programs Ltd. which produced designs and audio merchandise for the music trade.
A number of years later, within the early Nineties, he based a fingerprint recognition enterprise referred to as Cambridge Neurodynamics, which counted the South Yorkshire Police amongst its clients.
However his massive break got here in 1996 with Autonomy, which he co-founded with David Tabizel and Richard Gaunt as a by-product from Cambridge Neurodynamics. The corporate scaled into one among Britain’s largest tech corporations.
Lynch held a variety of affect within the U.Okay. expertise sphere on the top of his success, having as soon as been dubbed Britain’s Invoice Gates by the media.
He co-founded Invoke Capital, a enterprise capital agency centered on backing European tech startups, in 2012.
In his position as a enterprise capitalist, Lynch was intently concerned in serving to British cybersecurity agency Darktrace and authorized software program startup Luminance get off the bottom, backing each corporations with sizable sums.
Lynch was beforehand on the board of U.Okay. broadcaster BBC. He additionally as soon as served as an advisor to the British authorities on the Council for Science and Know-how.
