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Autonomy Announces Major ASP Partnership
Autonomy to supply technology to SMEs on ASP platform
CAMBRIDGE, England - (BUSINESS WIRE)- June 8, 2000 - Autonomy (EASDAQ/NASDAQ: AUTN), a leading provider of infrastructure technology, announced a deal today, which means that for the first time its technology will be available to businesses via an ASP (Application Service Provider) platform. The deal, with one of the world's leading ASP providers,Computeraid, means that businesses will be able to harness the power of Autonomy's technology on a "pay-as-you-go" basis.
Autonomy's technology is currently used by many of the world's leading companies including General Motors, Reuters, Ericsson, Merrill Lynch, Volkswagen and the US Department ofDefense, to automatically make sense of the vast amounts of information stored on corporate Intranets and commercial websites. The deal means that SMEs can gain access to the powerof this technology on an outsourced basis.
KNOWLEDGEfirst, which is based on Autonomy's award-winning Portal in a Box software(TM), will be available via ComputerAid's brand new ASP platform, WASP, which has beenspecially developed to provide a fully scalable, flexible e-business solution.
Autonomy's software uses advanced pattern recognition technology to analyse and rank the ideas within any piece of text, regardless of its language or format. Having this uniqueability allows Autonomy to automate the most time-consuming and costly functions involved with deploying an eBusiness solution or corporate portal, including categorising, tagging,hypertext linking and personalising the delivery of content.
Dr. Mike Lynch, CEO and founder of Autonomy, commenting on the deal said, "This is an important step for Autonomy as the ASP market is a significant growth area at the moment andlooks set to become the next stage in the foundation of the new Internet economy. We are delighted to be working with Computeraid, a well- established and respected partner, in this endeavour."
Dr. Lynch continued: "All businesses, whether large or small, have massive amounts of unstructured information which needs to be managed efficiently and easily. Our softwareremoves the need for manually tagging or indexing documents by automating this process, and allows companies to concentrate resources on their core business."
Computeraid have established a partnership with hardware vendor Compaq to underlie their ASP offerings.
About Computeraid
Computeraid is the UK's leading provider of solutions and services totally focused upon the networked desktop computing environment. This can include all implementations of suchtechnologies, including vertical markets such as the Retailing or Financial sector. Our experience and expertise encompass the client, the server (file, print and application) and thenetwork infrastructure.
Computeraid has over 20 years experience and the unrivalled expertise of more than 900 UK based professional staff operating from twelve regional centres. The company also recentlyacquired a 25 per cent shareholding in Allied Computing Services Limited (ACSL), the leading independent provider of global IT solutions.
Computeraid Services has established business partnerships with the world's most prestigious hardware and software vendors including Lotus-IBM, Microsoft, Nortel, Cisco and Compaq. still undervalued compared to U.S. stocks.
About Autonomy Corporation plc
Autonomy's technology powers large-scale, personalised systems for the Enterprise, Internet and other Digital domains. 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 otherwise 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 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, British Aerospace, Clorox, News Corp., 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 Aeneid, Brio, CoreChange, Delano, Filenet, FutureTense, Hyperwave, Insight, Intranet Solutions, Intraspect, KnowledgeTrack, Global Recall, Nexor, Novient, OpenMarket, 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 factorscould cause actual results to differ materially from those in the forward-looking statements. These factors include, among others, dependence on core technology; limited operatinghistory; 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. Thesefactors 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: |
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AUTONOMY CORPORATION plc Dr. Mike Lynch, Managing Director and CEO Ralph Harms, Chief Financial Officer Dominic Johnson, Marketing Director Tel: 01223 421220 Financial Dynamics Edward Bridges/Alastair Hetherington Tel: 020/7831 3113 Morgen-Walke Associates Gordon McCoun/Eric Boyriven Tel: 212/850 5600 (Investor Relations) Brian Maddox/Brian Bailey Tel: 212/850-5661 or 212/850-5672 (Media) |
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