Autonomy's Agentware Knowledge Management Suite Wins Product Of The Year Award at the Information Management Awards 1998.
October 15, 1998 - Autonomy, has today been announced as the winner in the Product of the Year category at the Information Management Awards 1998. The awards, sponsored by Deloitte and Touche Consulting Group, were judged by a panel consisting of 40 independent experts from different fields.
Judges for the Product of the Year award looked for the most exciting information management hardware or software product launched during 1998, based on the following key criteria: time management goals, technology components, enhancement of concepts, and understanding and success of information management. Autonomy was one of eight finalists, including Microsoft's ICE VPS software, Quadratec UK's Time Navigator technology, and Optika eMedia.
The chairman of the IM 98 awards judging panel, Clive Holtham, said: "From the eight finalists, Autonomy's Agentware Knowledge Management Suite excelled in all the judging criteria. The panelists felt the value of its product offering was second to none and Autonomy was able to demonstrate the benefits of its Agentware technology to its organizations. For a UK company only two years old, this is a credit and an inspiration for others to follow."
Autonomy Managing Director Mike Lynch said: "This award win demonstrates Autonomy's competitive edge in the developing Knowledge Management market. Autonomy's Agentware products are cost effective solutions that allow companies to manage and exploit their knowledge base without distracting them from their core business."
Autonomy's Agentware Knowledge Management suite, consisting of Agentware Knowledge Server and Agentware Knowledge Update, provides a fully automated, adaptive and precise means of categorising, cross-referencing, hyperlinking and presenting information. The product is aimed at maximising knowledge at minimal cost in order to develop competitive corporate advantage. It is estimated that a medium sized organization can spend upwards of £10 million per year in labour costs manually tagging documents.
The IM98 Awards are the premier industry recognition of the achievement of excellence in the field of Information Management. The Awards include fourteen separate categories for subjects ranging from Customer Information to Document Management, Intranets to Storage products, E-commerce to Information Security.
The Company
Autonomy develops software that automatically organizes large, unstructured volumes of information into personally relevant channels to help corporate intranets and commercial Web sites serve the changing needs and interests of users.
The intelligent pattern recognition technology that fuels Autonomy's software was originally developed by Autonomy's parent company, Neurodynamics, for use in British intelligence and defense applications.
Autonomy was founded in 1996 and is headquartered in San Francisco, CA with offices in Boston, New Jersey, New York, Washington D.C. and Cambridge, UK. Autonomy customers include News Corp., MacMillan Publishing, Associated Press, Barclays Bank, Reed Elsevier, Shell International, The Royal Mail and Unilever.
On July 10, 1998, the company went public on the EASDAQ exchange, achieving a valuation of $165 million and raising $35 million dollars.
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