Autonomy's Technology Now Powers Reuters Plus Real-Time Financial News Service
CAMBRIDGE, England, May 25, 2000 - Autonomy Corporation plc (NASDAQ: AUTN, EASDAQ: AUTN) today announced that Reuters, a leading provider of financial information, has deployed Autonomy's software to automatically categorize and index 1.3 million archived news stories and postings for its Reuters Plus information system.
Reuters Plus provides real-time U.S. equities market data to more than 40,000 professionals at banks, brokerage houses and other financial institutions. This relationship has now moved into a second phase with Autonomy's products being used in live production.
Because Autonomy's pattern matching software can identify the main ideas in any text, it can automate many of the labor intensive tasks associated with maintaining a site including categorizing information by subject, inserting hypertext links to related material and personalizing the delivery of information.
Additionally, Autonomy's software automatically profiles users by analyzing the articles they read. Over time the software refines its understanding of each individual's interests. This feature may be used by Reuters in the future to profile Reuters Plus users and target editorial content and services.
According to Christopher Wurts, Vice President, Equities Marketing, Reuters America Inc, Reuters customers rely on the accurate and timely information from Reuters Plus to make critical business decisions.
"Our customers depend on us to deliver the information they need.Having to manually analyze and tag relevant materials would be a costly proposition and would most likely delay the delivery of information," said Wurts.
"Autonomy's technology is scaleable and powerful enough to automatically categorize the massive amount of information we process each day."
According to Autonomy CEO, Mike Lynch, Autonomy's software was designed to automate the costly tasks associated with maintaining a site.
"Because our software automatically categorizes information in real time, the most current information is always readily available," said Lynch. "This means Reuters Plus customers can easily navigate through a vast of amount of content and find the relevant information they need."
About Reuters
Reuters supplies the global financial markets and news media with the widest range of information and news products. It provides news and information to over 900 Internet websites reaching an estimated 40 million viewers and generating approximately 140 million page views per month. Reuters provides global solutions and technologies for the financial markets including enterprise-wide integration, market information and data distribution, equity and foreign exchange transactions as well as risk and trade management. It also supplies technologies and portal capabilities for clients to supply their retail customers. Reuterspace concentrates on services in the business-to-business, consumer finance and media markets. Reuters is the world's largest international news and television agency with 2,100 journalists, photographers and camera operators in 184 bureaus serving 154 countries. News is gathered and edited in 23 languages. Instinet, an independently managed subsidiary of Reuters, is the world's largest electronic agency brokerage firm. It covers the equities and fixed income markets. On December 31, 1999, the Group employed 16,546 staff in 212 cities in 97 countries.
About Autonomy
Autonomy's technology powers large-scale, personalized systems for knowledge management, enterprise portals, online 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 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, Stockholm, Cambridge, England, Frankfurt, Munich, Milan, Paris, Oslo and Sydney.
Among its 200-plus customers are Alcatel, Associated Press, Ericsson, Tesco, BAE Systems (formerly British Aerospace), News Corp., Lucent Technologies, Merrill Lynch, The Royal Mail, US Army, US Navy and NASA. In addition, many 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, Verge and Vignette.
Note:
With the exception of historical information, the matters set forth in this news release are 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. These 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 Autonomy's Registration Statement on Form F-1, File no. 333-11804.
For more information, please contact:
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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