Filenet's Panagon eSolutions Partners with Autonomy to Provide Advanced Personalization for Corporate Portal Applications
Technology Will Help Customers Fine Tune Critical Web Content Portal Searches
KIRKLAND, Wash., (Feb 16, 2000) - Panagon eSolutions, a business unit of FileNET Corporation (Nasdaq: FILE), and Autonomy, a leading portal technology provider, today announced a strategic partnership to add Autonomy's advanced categorization and personalization technology to Panagon eSolutions' portal products.
With Autonomy technology, Panagon eSolutions will fine-tune its identification and classification tools for portal users. "Autonomy's technology can analyze and rank the ideas within any piece of text, regardless of its origin. Because of this unique capability, we can now automate some of the most time consuming tasks associated with building and maintaining a portal'" says Mark Chealander, vice president and general manager of Panagon eSolutions. These tasks include categorizing, tagging, linking and personalizing vast volumes of internal and external information from newsfeeds, emails, and websites to Lotus Notes and other documents.
"Panagon eSolutions is leveraging Autonomy's technology to provide customers with superior web content categorization and advanced personalization capabilities," said Chealander. "We can proactively deliver personalized information through our portal interface. In addition, the technology will allow these portals to learn and recommend content while the user is actively using the portal."
According to Autonomy CEO Mike Lynch, "Autonomy-powered Panagon eSolutions products will allow organizations to quickly deploy eBusiness portals. Panagon eSolutions provides companies with a robust portal offering that solves many of the challenges associated with deploying an eBusiness solution. By using Autonomy to automatically categorize and personalize information, Panagon eSolutions' customers will be able to reduce operating costs, increase efficiencies and better meet the needs of individual users."
"Savvy eBusinesses are beginning to appreciate a new source of value to be gained from raising the quality of content-centered Web interactions," said Hadley Reynolds, Research Director at The Delphi Group, Boston, MA. "These interactions gain richness and dimension by incorporating content that is not only secure and accurate, but is also intelligent, suggestive, business-focused, and process-aware. The new standard is content that learns how it is used, what other content, process, or person it might be related to, and how to present itself as needed in the context of an eBusiness interaction. The integration of Autonomy technology allows Panagon eSolutions to leapfrog into best of class configurations for the new challenges in both eContent and eProcess software."
"Partnerships between content management vendors and information-access product vendors can be considered strategic moves to address the demand for web-based systems with portal functionality," states Simon Hayward, research director with the Gartner Group. Gartner has predicted the worldwide business to business eCommerce market will jump from $145 billion in 1999 to $7.29 trillion in 2004. By 2004, business to business eCommerce will represent 7% of the forecasted $105 trillion total global sales transactions.
The added technology also allows Panagon eSolutions to address portal applications for tracking how content is used by constituents -- to determine its value and establish best practices approaches in terms of leveraging key content. For instance, in many financial services markets including investment and commercial lending, customer relationship managers need to be up to date and knowledgeable on a wide range of complex products, economic trends and industry developments. Panagon eSolutions' information portals enable organizations to focus on the key information necessary to serve the customer.
Panagon eSolution's portals allow users to easily find products and customers within corporate databases or the Internet from relevant background information such as market research and news feeds. The portal's content recommendation tool provides additional sources of information, such as industry-related articles and white papers.
About Panagon eSolutions
Panagon eSolutions, www.panagonesolutions.com, is a business unit of FileNET Corporation. Panagon eSolutions builds business-to-business information portals for service businesses that require dynamic web content and streamlined processes to help manage vast stores of information. The business unit is headquartered in Kirkland, Wash.
About FileNET
FileNET Corporation is a leading provider of enterprise Web Content Management and eBusiness applications that help corporations and government organizations build Intranets, business-to-business and business-to-consumer portals, to manage their business information and work processes more productively. Headquartered in Costa Mesa, Calif., the company markets its innovative products in more than 70 countries through its own global sales, professional services and support organizations, as well as via its ValueNET Partner network of resellers, system integrators and application developers. Founded in 1982, the company currently employs more than 1,700 people and reported record revenues of $347.1 million for the year ended December 31, 1999.
Additional information can be obtained by contacting the company at 1-800-FileNET or via the Internet at http://www.filenet.com/
About Autonomy, Inc.
Autonomy's technology powers large-scale, personalized systems 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 Atlanta, Boston, Chicago, Dallas, San Francisco, New York, and Washington, D.C. in the United States as well as offices in Amsterdam, Brussels, Cambridge, England, Frankfurt, Milan, Paris, Oslo and Sydney.
Among its 200-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, Unilever, and the United States Department of Defense. In addition, several software companies are licensing Autonomy's technology to add intelligence to their online publishing, knowledge management, email routing and document management applications, including OpenMarket, Aeneid, CoreChange, Delano, Filenet, FutureTense, Hyperwave, Insight, Intraspect, KnowledgeTrack, Global Recall, Nexor, Sagemaker, Sybase and Verge.
On July 10, 1998, the company went public on the EASDAQ stock exchange.
For further information, please contact Autonomy at (415) 243-9955 or visit the company's website at http://www.autonomy.com. Press and analysts may contact Marivi Lerdo, Kris Marubio or Tarana Harris at Edelman Public Relations, ph: (415) 433-5381.
FileNET and ValueNET are registered trademarks and Panagon is a trademark of FileNET Corp.
Note:
Private Securities Litigation Reform Act of 1995 provides a safe harbor'' for forward-looking statements. Certain information included in this news release (as well as information in oral statements or other written statements made or to be made by FileNET Corporation) contain statements that are forward-looking, such as statements relating to the future anticipated direction of the futures and securities industry, plans for future expansion, various business development activities, planned capital expenditures, anticipated sales, potential contracts, dependence on existing management, domestic and global economic conditions, changes in federal or state laws, and market competition factors. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of FileNET Corporation.
FileNET Corp.Tom Hennessey
FileNET Public Relations
Tel: (714) 327-5050
E-mail: thennessey@filenet.com
Autonomy, Inc.
Marivi Lerdo/Kris Marubio
Edelman Worldwide
(415) 433-5381
E-mail: marivi_lerdo@edelman.com
E-mail: kris_marubio@edelman.com
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