Lexis-Nexis Teams with Virage to Add Video to Its Universe of Available Information
Leading Provider of Credible, In-Depth Information Turns to Virage to Make Video as Easy to Access and Use as Text
SAN MATEO, CA and Dayton, OH—August 17, 2000—Virage, Inc. [NASDAQ: VRGE], a leading provider of software products and application services that enable video for the Internet, and LEXIS®-NEXIS®, a leader in online information solutions for business, government, academic and legal professionals, today announced the availability of searchable video content as part of the vast LEXIS®-NEXIS® services through the Virage® platform. The integration of Virage-enabled video, in the form of the Campaign 2000 Video Search Engine available today on www.lexis-nexis.com and on August 22nd via LEXIS®-NEXIS® Political Universe, represents a major step toward making valuable video content as easy to access as text information.
The NEXIS business unit is using Virage Application Services and Virage's Internet video infrastructure to integrate video seamlessly into its site, enabling viewers to easily locate the televised speeches of presidential candidates quickly by any topic or keyword. Visitors to the LEXIS-NEXIS home page at www.lexis-nexis.com are able to quickly browse and view video clips based on pre-selected topics, such as gun control or education, or simply watch the latest coverage dynamically published to the site. Viewers are also able to search through hundreds of hours of unfiltered C-SPAN footage using a familiar search-engine style interface. By incorporating Virage's Campaign 2000 Video Search Engine, LEXIS-NEXIS provides its users with comprehensive Internet video coverage of leading political candidates on the road to the White House.
NEXIS is providing access to this new video-based decision support tool in their booth at the Democratic National Convention. The Campaign 2000 Video Search Engine is also accessible from a NEXIS research page installed on computers dedicated to members of the press covering the convention.
NEXIS products and services provide direct access to a vast information universe. Millions of documents are added weekly to the more than 2.5 billion documents on the LEXIS®-NEXIS® services. The NEXIS service alone offers more than 18,800 sources of news and business information and is unmatched in depth and breadth of information. The LEXIS-NEXIS services are distinguished from all other electronic information sources, including the World Wide Web, by the scope and quality of its online content.
"Searchable and interactive video is revolutionizing the way NEXIS can unleash the power of our web products," said Bill Pardue, president and CEO of NEXIS. "Video is a very valuable and widely-used information source, and by joining with Virage, we now have the capability to turn it into easily searchable information. The Campaign 2000 Video Search project provides a glimpse at the future of information search and retrieval on NEXIS. We're excited about the opportunity to strengthen our offerings with the addition of technologies that allow searching of rich media."
"NEXIS continues to set the industry standard for high quality information," said Paul Lego, chairman and CEO of Virage. "We are pleased to be working with them to extend the reach of their content database to include video, a very powerful information resource. Our alliance validates the position of video as a first-class data type on the Internet and significantly expands the scope of high-quality information available to users of LEXIS-NEXIS services."
About NEXIS
NEXIS is a leading provider of online information to the business, government and academic markets. NEXIS offers targeted information solutions that can be integrated into its customers' business processes and systems. Combining searchable access to over 2.5 billion documents from thousands of sources with leading edge systems and tools for managing this content, NEXIS delivers a high quality resource with which to build knowledge-management solutions for the entire enterprise. NEXIS is an operating unit of LEXIS-NEXIS, part of the global publisher and information provider Reed Elsevier, Inc. For more information about NEXIS, please visit http://www.lexis-nexis.com.
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.
This press release contains "forward looking" statements about the products and services of Virage and LEXIS-NEXIS, as that term is used in Section 21E of the Securities Exchange Act of 1934. Phrases such as "will demonstrate" and "will use" denote forward-looking statements. These types of statements address matters that are subject to risks and uncertainties which could cause actual results to differ materially. In addition, our forward-looking statements should be considered in the context of other risk factors discussed in our filings with the Securities and Exchange Commission, including our Registration Statement on Form S-1, as amended, available for viewing on our web site. (To access this, please click on "Investor Relations,""SEC Filings").
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