Vignette Teams with Virage in Alliance to Extend Content Management
Virage Platform Enables Vignette's Suite of e-Business Applications to Integrate Video Content
SAN MATEO, CA - November 2, 2000 - Virage, Inc. [NASDAQ: VRGE], a leading provider of software products and application services that enable video for the Internet, announced today that it has joined forces with Vignette Corp. (NASDAQ: VIGN), Sun Microsystems and 12 other best-in-category partners to define enterprise requirements for content management. The group has created the eXtended Content Management (XCM) Alliance - a one-stop destination for companies looking for comprehensive content management solutions for building online businesses.
The alliance intends to create and define the standard criteria for content management solutions and help companies develop a framework for evaluating their various business needs to create fully-integrated, end-to-end solutions. In addition, it plans to allow customers to contact one source when buying the highest quality content management solutions available that are extensible, scalable and easily integrated.
The XCM Alliance brings together vendors from the three major categories that make up the content management world: Content Development Management, Application Content Management and Content Delivery/Acceleration Management. Classifying content management applications in this way is designed to enable customers to make faster, smarter purchasing decisions.
"Virage is very pleased to have been selected by Vignette to be a charter member of the XCM Alliance," said Paul Lego, chairman and CEO of Virage. "Virage's industry-leading Video Application Platform will enable Vignette's suite of leading e-business applications to dynamically work with video. Streaming video is becoming pervasive throughout the Internet and corporate intranets, and customers are demanding a highly extensible and scalable approach to publishing, managing and distributing their valuable video content. With XCM, we believe that Vignette and Virage have gone a long way to defining a solution that integrates video into enterprise systems as powerful e-business information."
About Vignette Corp.
Vignette Corp. is the leading supplier of e-business applications. Vignette's products enable businesses to create and extend relationships with prospects and customers and ease high-volume transaction exchanges with suppliers and partners, all of which enhances customer satisfaction. Vignette powers more than 1,000 leading e-businesses. Headquartered in Austin, Texas, Vignette Corp. has offices located throughout the Americas, Europe, Asia and in Australia and can be found on the Web at www.vignette.com.
About Virage, Inc.
Headquartered in San Mateo, CA, Virage is the leading provider of solutions that enable video for strategic online applications. The Virage Video Application Platform transforms video into an effective online medium that is easy to publish, manage and distribute on the Internet or corporate intranets. The Virage platform provides content owners with the complete infrastructure for seamlessly integrating streaming video into business, entertainment and information applications. From ABC to Yahoo! over 180 customers across a broad range of markets have turned to Virage to help them improve production efficiencies and create new revenue opportunities with video. 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 Vignette, as that term is used in Section 21E of the Securities Exchange Act of 1934. Forward looking statements are denoted by such words as "will enable", "intends to create", "plans to allow" and similar terms and phrases. 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 online at www.sec.gov. All forward looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.
Virage, VideoLogger and the Virage logo are registered trademarks, and SmartEncode are trademarks of Virage, Inc. Other company product and service names may be trademarks or service marks of others, and are hereby acknowledged.
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