Virage Named to the Internet Analyst Convergence Stocks Index
Virage Joins AT& T, Microsoft, Nokia and Sony as One of 25 Companies Representing the Convergence Between Computers, Media, the Internet and Telecommunications
SAN MATEO, California—August 1, 2000—Virage, Inc., a leading provider of interactive products and application services that enable video for the Internet, announced today that The Internet Analyst (http://www.theinternetanalyst.com) has selected Virage (NASDAQ: VRGE) as a stock to be added to The Internet Analyst Convergence Index. Virage is one of only 25 companies in the Index. Virage was one of four stocks recently added to the index; the other three were Sony (NYSE:SNE), Handspring (NASDAQ: HAND), and ACTV Inc. (NASDAQ: IATV).
Companies included in the Convergence Index are taking advantage of the evolving interconnections between: computers (hardware, software, networking); telecommunications (landline/wireless telephony, broadcasting, communications equipment/infrastructure); the Internet; and media (enabling/delivering content, information or data). The companies must have a presence in all four areas.
About The Internet Analyst
The Internet Analyst is a web site focused on exclusive financial data and information on Internet companies and executives, reaching 985,000 registered subscribers each week. The Internet Analyst is a service of Multex.com, host of the Multex Investor and a leading provider of online investment research and information services designed to meet the needs of asset managers, institutional investors, investment banks, brokerage firms, corporations and individual investors. The Internet Analyst Convergence Index tracks the convergence of computers, including hardware and software; media, including information, data and content fulfillment; the Internet; and telecommunications, including telecom, wireless and broadcast.
About Virage
Headquartered in San Mateo, CA, Virage is a leading provider of software products and application services that enable owners of video content to publish, manage and distribute their video assets over the Internet or corporate intranets. Virage application services provide content owners with the complete infrastructure for seamlessly integrating Internet-compliant video into their web sites. Virage VideoLogger™ and Video Application Server™ software set the standard for real-time indexing, publishing and distribution of video across the Internet and corporate intranets. From ABCNews to Yahoo!, Virage has over 150 customers worldwide in a range of markets including media and entertainment, large enterprise, education, government and Internet destinations. Contact Virage at http://www.virage.com/ or (650) 573-3210.
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