UPSIDE Magazine Names Virage Inc. Among 1999 Hot 100 Private Companies
Coveted UPSIDE Hot 100 Award recognizes innovation, leadership and performance
May 10, 1999 - UPSIDE magazine today announced that Virage Inc. has been selected to receive the 1999 Hot 100 Award, UPSIDE's annual award recognizing excellence and innovation among the hottest technology industry startups.
UPSIDE will publish the Hot 100 Award winners in its June 1999 issue, which is devoted almost entirely to profiling the winning companies. The UPSIDE Hot 100 Award winners were unveiled today online at UpsideToday.com.
The 1999 UPSIDE 100 were selected by a team of UPSIDE editors, venture capitalists, financial analysts, market researchers and other industry luminaries who evaluated more than 800 nominations. The UPSIDE Hot 100 Award is judged on a company's technological achievements, customer acceptance of products or services, financial performance, industry partnerships, financial backing, management savvy and marketing.
"Selecting this year's UPSIDE Hot 100 was particularly challenging for our team of editors and advisers, given the fierce market conditions led by a flood of mergers, acquisitions and IPOs that disqualified many of our early selections," said David Bunnell, CEO of Upside Media and editor of UPSIDE magazines. "We spent many months evaluating each company's achievements before selecting the 100 to receive this industry award. UPSIDE felt that Virage has what it takes to be considered among the 'hottest' private companies around, and we look forward to watching its future performance." About Virage, Inc.
Virage is the pioneer and recognized market leader in providing products and technologies that enable video for analysis, interactivity and commerce. Virage's VideoLogger and AudioLogger software set the standard for real-time indexing and distribution of video across the Internet or corporate intranets/extranets and Virage has been named the market winner by industry analyst group Frost & Sullivan. Virage customers include ABC News, AltaVista, BBC, Carlton Communications, CBS News, CNN, CNN Interactive, Compaq, Energy Film Library, Federal Bureau of Investigations, Fox Sports, General Electric, General Motors, Harvard Business School, Heinle & Heinle, Lockheed Martin, Lucent Technologies, NASA, Network Espana, NBC News, PICS Retail Network, Reuters, Showdown Productions, Swiss Broadcasting Corp. and several classified U.S. government agencies. These companies rely on Virage video search products as the critical foundation technology for more effectively deploying and using video within their operations. Headquartered in San Mateo, California, Virage was incorporated in 1994 to provide organizations with advanced methods for accessing and leveraging media assets. For more information, see the Virage Web site at http://www.virage.com or call (650) 573-3210.
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