CAMBRIDGE, England, 9th March 2000 - Autonomy announced today that it has signed a strategic agreement with Admiral, a leading international IT services company.
The partnership will leverage Admiral's acknowledged skills in Knowledge Management and key sector expertise in the Finance, Telcos and Media marketplaces. As well as offering focused vertical sector portals, Admiral will be working closely with Autonomy to embed Autonomy's 'Active Knowledge' technology into applications, enabling clients to offer their customers effective, personalised access to the Web and other sources of business-critical information. Commenting on the agreement, Admiral spokesman Richard Nethercott said "We are delighted to formalise and extend our existing relationship with Autonomy and to be part of extending this exciting technology into an expanding marketplace." Dr. Mike Lynch, Autonomy CEO added "Admiral has a strong presence in key markets where the Autonomy toolset adds real competitive edge. We are confident that our partnership will reap significant mutual benefits through the delivery of innovative solutions to our clients.",
At the heart of Autonomy's software is a pattern recognition technology which has the ability to analyse a piece of text and identify the main ideas. This enables the software to then determine how the text should be categorised, who should see it, what other relevant material it should be linked to, and how it should be tagged - which all happens automatically. Autonomy's technology is currently being used by a number of other high-profile users worldwide, including breathe.net, SFGate, News Corporation, Associated Press, Butterworths, Reuters and Macmillan.
About Admiral
Admiral was formed in 1979, gained a full listing on the London Stock Exchange in February 1987 and is a member of the FTSE 250 Index.
It is a successful independent professional IT services group providing IT consultancy, bespoke systems development, systems and networking and training for a broad range of clients worldwide.In the year ended 31 December 1999 Admiral's turnover was £170.2 million with a profit before tax and amortisation of goodwill of £25.1 million.
The Group currently employs approximately 2,500 staff.The Group's success is based on an absolute commitment to providing clients with high quality, cost effective solutions which met operational requirements on time and within budget.Admiral works to rigorous quality and technical standards.
It is registered to ISO 9001 and is registered under the TickIT scheme for all its software related activities. It also complies with the requirements of UK Defence and NATO standards, and is registered on the UK Defence Contractors List.Admiral has offices in Australia, Belgium, Denmark, France, the Republic of Ireland, Malaysia, Singapore and the UK.
About Autonomy
Autonomy's technology powers large-scale, personalised systems for knowledge management, enterprise portals, new media publishing and electronic commerce. Because of its ability to analyse any piece of text (independent of the document's language) and identify and rank the main ideas, Autonomy can automate a broad range of labour-intensive tasks. These range from categorising 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 was founded in 1996 and has offices in San Francisco, New York, Atlanta and Boston, in the United States as well as in Cambridge (England), Paris, Oslo, Sydney, Frankfurt, Milan, Brussels and Amsterdam. Among its 150 customers are Alcatel, Associated Press, British Aerospace, Clorox, News Corp., 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 and document management applications, including SageMaker, FutureTense, Intraspect, Verge, Aeneid, Global Recall, Insight and Nexor. On July 10, 1998, the company went public on the EASDAQ Stock Exchange (Easdaq: AUTN).
For further information, please contact:
Dr Mike Lynch, Chief Executive and Managing Director
Dominic Johnson, Marketing Director
Autonomy Corporation plc
Tel: 01223 421 220
Edward Bridges/ Alastair Hetherington
Financial Dynamics
Tel: 0171 831 3113
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