Top Internet and Video Editors Select Virage: Best Web Tool; Best Interactive Video Solution; Hot 100 Company
San Mateo, CA, July 1999 - Virage, Inc., the recognized market leader in video search and interactive video products, announced today that it has been awarded three top business and technology honors. All three awards were announced and published concurrently in the June issues of Advanced Imaging, WebReview.com/Web Techniques and UPSIDE magazines. Virage closed out the first half of 1999 as one of the Internet's hottest media companies, winning WebReview.com and WebTechniques magazine's "Web Tools Award, "Advanced Imaging Magazine's "Imaging Solution of the Year," and UPSIDE Magazine's "Hot 100 Companies" award.
"Our editors were looking for something revolutionary, not just evolutionary," according to David Sims of WebReview.com. "And that's why they picked Virage's VideoLogger™ and AudioLogger™ tools for searching and indexing media content." [WebReview.com, July 2, 1999. http://www.webreview.com/wr/pub] "We're thrilled to have received these three top honors," said Paul Lego, CEO of Virage. "These awards not only reflect the excellence of our products for streaming media applications, they also recognize our company's ability to successfully innovate and execute in a highly competitive environment." Virage Awarded Best Web Tool of 1999 WebTechniques Magazine & WebReview.com Virage's VideoLogger and AudioLogger were recognized in the "Streaming Media" category as "Best Web Tool" of the year by WebReview.com and Web Techniques magazine at their third annual Web Tools Awards. The award is granted to a company whose products exhibit outstanding innovation in the development of advanced Web technologies. Virage prevailed over stiff competition from industry heavy-hitters such Apple's QuickTime™ 4.0, RealNetworks' G2 System™, Macromedia's Flash™ and Microsoft's MS Audio™.
"As the Web shifts from a mostly text environment to one that more closely resembles broadcast, web designers and developers will need to find ways to locate, reference and link to content," according to David Sims of WebReview.com. "Virage's tools can track and identify spoken words or a person's face in video, catalog that information and deliver search results to queries about those subjects." [WebReview.com, July 2, 1999, www.webreview.com/wr/pub] Virage Selected Best Imaging Solution of 1999 Advanced Imaging Magazine Virage captured the industry coveted "Imaging Solution of the Year" award in the category of "Interactive Imaging and Communication or Multimedia" for their contribution to CNN's Low-Resolution Browse System (LRBS) project. Virage's VideoLogger provided the core indexing architecture and advanced video search and retrieval technology for CNN's network news production facility. CNN, Informix and SGI share this award with Virage for providing the backend infrastructure for CNN's LRBS project.
"Virage, Informix and SGI not only enabled producers and reporters to search and browse that immense flow of news video that's always incoming at CNN - and used impressive image recognition technology to do it," said Barry Mazor, editor-in-chief of Advanced Imaging Magazine, "they've done it with an approach that's going to find use in libraries and schools and every imaginable sort of business that's beginning to build up a library of multimedia information and needs to use it again." VideoLogger "watches, listens to and reads" the video signal, extracting valuable information - such as SMPTE time code, imbedded text and scene changes - and places this data in an index, which is then used to instantly search for and find desired clips. With VideoLogger as the key video search component in LRBS, over 1200 CNN editors, reporters and producers use the system to search and browse 32 satellite news feeds in real time from their desktops. With LRBS, production costs have been reduced and "time to air" has been accelerated.
Virage Selected as a Top 100 Company to Watch in 1999 UPSIDE magazine Virage captured the attention of UPSIDE magazine's editors to win, for the third time, a place in UPSIDE's annual Hot 100 Private Companies. Having analyzed Virage's founders, key "A list" investors, total investment and strategic alliances, UPSIDE named Virage "one of the hottest private high-tech companies of 1999." UPSIDE editors, accompanied by an advisory panel of respected financial analysts, market researchers, venture capitalists and other high-tech insiders, chose from among hundreds of nominated privately held tech companies to receive this special recognition for innovation, leadership and performance.
"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 leading provider of products and services that maximize the value of video by making it searchable and interactive. Virage's VideoLogger and AudioLogger software set the standard for real-time indexing and distribution of video across the Internet or corporate intranets/extranets. Virage has been named the market winner by industry analyst group Frost & Sullivan. Virage customers include ABC News, AltaVista, BBC, Carlton Communications, CBS, CNET, CNN, CNN Interactive, Compaq, C-SPAN, Energy Film Library, Federal Bureau of Investigation, Fox Sports, General Electric, General Motors, Harvard Business School, Lockheed Martin, Lucent Technologies, NASA, Network Espana, Reuters, Showdown Productions, Swiss Radio-TV, Telecinco 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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