Caredata.com Licenses Autonomy Technology For Citeline Web Research Tools
San Francisco, Calif. (December 14 1999) - Autonomy, Inc. today announced that Caredata.com (NASDAQ/NM: CDCM), a leading healthcare intelligence and Internet content provider, will embed Autonomy's core technology into its CiteLine Web research tools. By using Autonomy's technology, Caredata.com will be able to add depth and breadth of information and advanced research services to the CiteLine suite of products.
According to Autonomy CEO Mike Lynch, Caredata.com offers healthcare professionals sophisticated research tools and access to comprehensive collections of medical information. "By using Autonomy's technology, Caredata.com will make it even easier for CiteLine visitors to get the latest medical findings," said Lynch. "With Autonomy's technology, Caredata.com will be able to update and organize disease, news and clinical trial sources into easy-to-navigate, Yahoo-like directories."
Because Autonomy's technology is capable of automatically identifying the main ideas in any piece of text, it automates the cumbersome tasks involved with maintaining collections of information-rich Web sites. "With Autonomy's technology, Caredata.com's editorial staff won't have to waste valuable time and talent tagging content," said Lynch. "Instead they can concentrate on creating the most useful and comprehensive healthcare resource while Autonomy's technology automates some of the more tedious aspects of categorizing, tagging, and hypertext linking information."
Caredata.com Senior Vice President Zorba Lieberman noted that Autonomy's technology, combined with CiteLine's editorial content management, will help Caredata.com do an even better job of maximizing the Web for business research. "The Web is a great place to access information, but healthcare-related information needs are usually quite specific," said Lieberman. "We know that users get frustrated with traditional keyword-based search technologies because they deliver a lot of irrelevant information."
Because Autonomy's advanced pattern recognition technology can identify the main ideas in any piece of text, it will help CiteLine users locate relevant information, no matter how specific or arbitrary it is. "With Autonomy's technology a professional will be able to use natural language to describe the query and get much more accurate results," said Lieberman. "For example, when a user wants to find out if sumatriptan or rizatriptan is more effective for treating migraines, he or she won't have to wade through mountains of general articles on migraines. Instead, the user will get the comparison needed up front."
About Caredata.com
Caredata.com is a leading provider of healthcare intelligence that drives decision-making among businesses and consumers. Caredata.com's commercial customers use its products and services to verify the background and credentials of physicians, assess member satisfaction with specific managed care plans and healthcare services, make objective comparisons of costs and clinical outcomes and analyze the supply of and demand for healthcare services.
These capabilities assist healthcare industry participants with clinical research, strategic planning, effective contracting, improving the delivery of care, and increasing profitability. Content partnerships include adam.com, ChoicePoint, DoctorDirectory.com, Healtheon/WebMD, HealthGate, HealthStreet, ID Certify, Medical Manager, Medibuy, Physician.com, physiciansite.com, ProxyMed.com, qd.online, Salus Media and InHealthBiz. Caredata.com is headquartered in Atlanta, Ga. The company can be found on the Internet at www.caredata.com.
About Autonomy, Inc.
Autonomy's technology powers large-scale, personalized solutions for knowledge management, enterprise portals, new media publishing and electronic commerce. Because of its ability to analyze any piece of text (independent of the document's language) and identify and rank the main ideas, Autonomy can automate a broad range of otherwise labor intensive tasks. These range from categorizing information by subject matter, to inserting hypertext links to related material, to profiling users based on the ideas in the text they read or write, to delivering information to those most likely to be interested.
Autonomy (EASDAQ:AUTN) was founded in 1996 and has offices in Boston, Chicago, Dallas, San Francisco, New York and Washington, D.C in the United States and European/Asia Pacific offices in Amsterdam, Brussels, Cambridge, Frankfurt, Milan, Paris, Oslo and Sydney.
Among its 160-plus customers are Alcatel, Associated Press, Barclays Bank, British Aerospace, Clorox, News Corp., Procter & Gamble, Lucent Technologies, Merrill Lynch, SF Gate, Semi-tech, The Royal Mail and Unilever. In addition, several software companies are licensing Autonomy's technology to add intelligence to their online publishing, knowledge management, email routing, portal, call center, customer relationship management and document management applications, including Aeneid, Corechange, Delano, FutureTense, Hyperwave, Insight, Intraspect, Global Recall, Nexor, Open Market, Sagemaker and Verge.
On July 10, 1998, the company went public on the EASDAQ exchange.By November 16, 1999 it had achieved a market capitalization of more than a billion dollars.
For further information, please contact Autonomy at (415) 243-9955 or visit the company's Web site.
Note:
Certain statements in this press release, particularly those anticipating future financial performance, business prospects, growth and operating strategies, strategic Internet relationships, sources of revenue and similar matters, and those modified by the words "believes," "expects," "anticipates," "intends," "estimates" or similar expressions, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended. These forward-looking statements reflect management's expectations and are based upon currently available information. These statements are not guarantees of performance and are inherently subject to risks and uncertainties, many of which cannot be predicted or anticipated. Future events and actual results, financial or otherwise, could differ materially from those expressed in or implied by the forward-looking statements. Important factors that could cause future events or actual results to differ materially include: demand for the company's products; the length and unpredictable nature of the company's sales cycle; the timing of significant new customer contracts; the loss or non-renewal of significant customer contracts; the timing of acquisitions; the process of integrating acquired businesses, including the difficulties of integrating geographically dispersed operations, new personnel and new management information systems and the associated distraction of management's attention from day-to-day operations; the timing of new strategic Internet relationships; the loss of or a reduction in the amount or quality of the company's sources of data; adverse changes in economic conditions generally in the healthcare information and technology markets served by the company; competition from other healthcare information and technology companies; and other risks identified from time to time in the company's reports filed with the Securities and Exchange Commission, including but not limited to the company's annual report on Form 10-K for the year ended December 31, 1998 and quarterly reports on Form 10-Q for the quarters ended March 31, 1999, June 30, 1999, and September 30, 1999. Copies of such filings are available upon request from Caredata.com, Inc.'s investor relations department.
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