Mike Lynch, previous president at Hewlett-Packard Co’s Autonomy device, talking at a seminar on Thursday, April 25, 2013.
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LONDON– British technology business owner Mike Lynch is missing out on after the sinking of a superyacht off the coastline of Sicily, resources accustomed to the issue informed CNBC.
The resources, that liked not to be called as a result of the level of sensitivity of the scenario, claimed that Angela Bacares, Lynch’s other half, was verified as having actually been saved.
The superyacht, called the Bayesian, tipped over at around 5 a.m. regional time while secured off the coastline of Porticello, a tiny angling town situated in the district of Palermo in Italy, according to numerous media records.
Bayesian, a 56-meter-long sailing boat, which later on sank off the Sicilian funding Palermo, is seen in Santa Flavia, Italy August 18, 2024 in this photo acquired from social media sites.
Baia Santa Nicolicchia|Fabio La Bianca|Via Reuters
The vessel was supposedly struck by a suddenly storm.
At the very least one male has actually passed away and 6 others were reported missing out on, while 15 individuals were saved consisting of a 1-year-old child, NBC News reported, pointing out regional authorities.
The luxury yacht “suddenly sank” probably “due to the terrible weather conditions,” the City Council of Bagheria claimed, according to NBC.
A carabinieri automobile parked near the harbor where search proceeds for missing out on travelers after a luxury yacht tipped over on August 19, 2024 off the coastline of Palermo, Italy.
Vincenzo Pepe|Getty Images
Who is Mike Lynch?
Lynch, 59, is the owner of business software program companyAutonomy He became the target of a protracted legal battle with Hewlett Packard after the U.S. tech giant accused him of inflating Autonomy’s value in an $11 billion sale.
HP took an $8.8 billion write-down on the value of Autonomy within a year of buying it.
Lynch was extradited from Britain to the U.S. last year to stand trial over the HP allegations. In June, he was acquitted of fraud charges following the trial, which lasted for three months.
Lynch was born in Ilford, a large town in East London, in 1965 and grew up near Chelmsford in the English county of Essex. He attended the University of Cambridge, where he studied natural sciences, focusing on areas including electronics, mathematics and biology.
After completing his undergraduate studies, Lynch completed a Ph.D. in signals processing and communications.
Toward the end of the 1980s, Lynch founded a firm called Lynett Systems Ltd. which produced designs and audio products for the music industry.
A view of the MarineTraffic app (a website that tracks vessels using their publicly-available onboard transponders) on a mobile phone showing the last known location of the yacht Bayesian.
Yui Mok | PA Images | Getty Images
A few years later, in the early 1990s, he founded a fingerprint recognition business called Cambridge Neurodynamics, which counted the South Yorkshire Police among its customers.
But his big break came in 1996 with Autonomy, which he co-founded with David Tabizel and Richard Gaunt as a spinoff from Cambridge Neurodynamics. The company scaled into one of Britain’s biggest tech firms.
Lynch held a lot of influence in the U.K. technology sphere at the height of his success, having once been dubbed Britain’s Bill Gates by the media.
He co-founded Invoke Capital, a venture capital firm focused on backing European tech startups, in 2012.
In his role as a venture capitalist, Lynch was closely involved in helping British cybersecurity firm Darktrace and legal software startup Luminance get off the ground, backing both firms with sizable sums.
Lynch was previously on the board of U.K. broadcaster BBC. He also once served as an advisor to the British government on the Council for Science and Technology.
