NewsEdge and Autonomy Sign Global Partnership Agreement
Global partnership expands both companies' reach and encourages customers to leverage NewsEdge e-content with Autonomy's automated infrastructure for sorting and routing information
BURLINGTON, MASS., April 25, 2000 - NewsEdge Corporation (NASDAQ: NEWZ), a leading provider of e-content applications for business web sites, and Autonomy Corporation. (EASDAQ: AUTN), a leading provider of technology for automating the handling of unstructured information, have entered into a partnership to sell and market their respective e-content and infrastructure applications to Web portals, corporate intranets, and e-commerce services and business exchanges. As part of the global marketing and sales agreement, both companies will promote and sell NewsEdge's e-content services and Autonomy's automated infrastructure products to their expanding customer bases worldwide.
"NewsEdge customers have one thing in common: They all want to provide access to the best information resources. By deploying Autonomy's automated infrastructure for sorting, linking, personalizing and routing information, they will be able to accomplish that goal without wasting any time on some of the onerous tasks associated with organizing such vast amounts of information," said Cliff Pollan, CEO, News Edge.
"There is no doubt that our customers will benefit from the targeted business content that NewsEdge provides to the corporate and business Internet marketplace," said Autonomy CEO Mike Lynch. "And by partnering with leading third parties like NewsEdge, Autonomy continues to expand its sales and marketing efforts into new markets and geographies."
NewsEdge and Autonomy each have award-winning technologies that enable companies to manage information for their web and portal communities. NewsEdge, through a unique editorial process that marries technology and editorial specialists, delivers targeted, highly relevant external business information from hundreds of high quality, authoritative sources to public, enterprise and extranet web sites. The NewsEdge Insight™ offering was the recent winner of the 1999 Personal Information Product Award sponsored by Information Age.
Autonomy's technology analyzes and ranks the ideas within any piece of text, regardless of its language or format. That is why Autonomy can automate the most time-consuming and costly functions involved with deploying an eBusiness solution, including categorizing, tagging, hypertext linking and personalizing large amounts of information from external newsfeeds, the Web, Lotus Notes files or other corporate repositories.
Feedback from NewsEdge and Autonomy customers has been very positive. Ian Black, Head of Corporate Communications and Public Affairs at BAe Systems, said: "NewsEdge has enabled us to manage external news and information from the world's most valued sources. We use the combined power of NewsEdge and Autonomy to manage internal and external information and ensure that the right information gets to the right people at the right time."
About Autonomy Corporation
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 Boston, Chicago, Dallas, San Francisco, New York, and Washington, D.C. in the United States as well as offices in Amsterdam, Brussels, Cambridge, England, Amsterdam, Brussels, Frankfurt, Milan, Munich, Paris, Oslo Stockholm and Sydney. For further information please visit the company's website at www.autonomy.com.
About NewsEdge Corporation
NewsEdge Corporation (Nasdaq: NEWZ) is the leading provider of e-content applications for business web sites. NewsEdge serves approximately 1,450 organizations, including 43 of Business Week's 50 largest global companies with award-winning news and information products including NewsEdge Insight™, NewsEdge Live™, and NewsEdge Review™ topics. NewsEdge is headquartered in Burlington, Massachusetts with sales offices and distributors throughout North America, South America, Europe, Japan and the Middle East. For more information about NewsEdge Corporation, please visit the company's Web site at www.newsedge.com.
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