Skanska chooses Autonomy to Automate Business-Critical Information
Autonomy's Portal-in-a-Box enables Skanska to reduce the cost of managing information and to focus on core business
CAMBRIDGE, England, 5 May 2000 - Autonomy today announced that worldwide construction and development company Skanska has adopted Autonomy's Portal-in-a-Box™ product to create an enterprise information portal that will categorise, personalise and deliver business-critical industry information to employees, from both internal Skanska sources, and from the Web, completely automatically.
Like all large organizations, Skanska, which currently has 45,000 employees in 60 different countries, relies on large quantities of unstructured information from both internal and external sources. Managing this information manually is time-consuming and expensive. Using Autonomy, Skanska will automate the entire process, ensuring that the right information always reaches the right people, in its most current form, without the need for an Intranet editorial team.
For Skanska, which is a development-intensive company, the new portal will be an important tool in the company's efforts to harness and maximise its knowledge base, both explicit and tacit. Anna Parkman, Information Systems Manager at Skanska Group Information Technology, said:
"Autonomy's technology means that we are able to automatically collect and categorise all business-critical information, index it conceptually in real time, and personalise it to the demands of each user. It will save the Group a lot of time and money - time and money that can be spent on more important issues, like our core business."
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 or licensed by a number of other high-profile electronic publishers, e-commerce providers, corporates and partners worldwide, including Compaq, News Corporation, the BBC, Reuters, Associated Press, Vignette, BAE Systems (formerly British Aerospace) and breathe.net.
About Skanska
Skanska was founded 1887 and stock listed in 1965 on the Stockholm Stock Exchange (now The OM Stockholm Exchange). Skanska operate in construction-related services and project development. The turnover approx. SEK 79 billion (1999) - an increase of 25 procent compared to 1998. Number of Employees is about 45,000 (1999) with market operations in 50 countries. Sweden, Denmark, Finland and USA are main markets. President and CEO is Claes BjÖrk and Board Chairman is Bo Rydin.
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 (NASDAQ: AUTN; 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, Frankfurt, Milan, Munich, Paris, Oslo Stockholm and Sydney.For further information please visit the company's website at www.autonomy.com.
Note:
With the exception of historical information, the statements set forth above include forward-looking statements that involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. The factors include, among others, dependence on core technology; limited operating history; fluctuations in quarterly results; dependence on new product development; rapid technological and market change; reliance on sales by others; management of growth; dependence on key personnel; rapid expansion; technology risks; volatility of stock price; growth of the Internet; financial risk management; and future growth subject to risks. These factors and other factors which could cause actual results to differ materially are also discussed in the company's filings with the United States Securities and Exchange Commission, including its recent filings on Form F-1.
For more information:
AUTONOMY CORPORATION plc
Dr Mike Lynch, Managing Director and CEO
Dominic Johnson, Marketing Director
01223 421220
FINANCIAL DYNAMICS (UK)
Edward Bridges/Alastair Hetherington
0207 831 3113
MORGEN-WALKE ASSOCIATES (US)
Gordon McCoun/Eric Boyriven (IR)
Brian Maddox/Brian Bailey (Media)
212 850 5600
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