Autonomy Announces Strategic Partnerships With Italian ASP Leader
Market-leading Banca di Roma company Kyneste becomes VAR and imports ASP model into the Italian market using Autonomy's technology
Cambridge, England - 23 November 2000 - Autonomy Corporation plc (NASDAQ: AUTN; EASDAQ: AUTN; LSE: AU.), a leading provider of infrastructure software for the Web and the enterprise, today announced new partnerships with Kyneste, a Banca di Roma company at the forefront of ASP provision in Italy.
The terms of the agreement are twofold. Kyneste will resell Autonomy's Portal-in-a-Box™ product as part of its business solution provider programme and it will also provide hosted services to businesses through an ASP model, using Autonomy's technology.
Autonomy will enable Kyneste to offer its clients solutions to automatically process and manage all their unstructured digital information. At the heart of Autonomy's software is its ability to analyse a piece of text (in any language) and identify and rank the main concepts within it. It can then automatically categorise, link, personalise and deliver that information. The technology is used to automate these operations within enterprise information portals, customer relationship management, knowledge management and e-business applications.
Massimo Ferriani, CEO of Kyneste, commented: "This agreement means that Kyneste, Autonomy's first ASP partner in Italy, can effectively exploit the potentially huge ASP market in this territory, but also offer a unique technology in other forms, each appropriate to a large number of applications and markets."
Dr. Mike Lynch, founder and Group CEO of Autonomy, commented: "Every enterprise - small, medium or large - is drowning in large volumes of unstructured information. With Autonomy's infrastructure technology, Kyneste's business models will provide a proven, automated solution for enterprises of all sizes, across all its key markets. We are very pleased to be such an important part of Kyneste's proactive commercial strategy."
About Kyneste
Kyneste was formed through an agreement between the Banca di Roma, the sole shareholder in the company, and a group of experts from some of the most important companies in its sector.
Not only an investment opportunity but a strategic initiative, Kyneste represents a chance to import the evolving ASP (Application Service Provider) business model into Italy thereby creating a benchmark company on the market.
Kyneste's goal is to deliver fast and efficient solutions to address customer needs through complete "one-stop-shop" services that are used and managed by a single provider with all the necessary elements for implementation.
Kyneste's mission is to deliver added value solutions through an infrastructure with individual data centers. The applications are developed, hosted, managed and delivered by the company over an Internet browser or a leased line.
Autonomy's infrastructure technology enables computers to understand: text, Web pages, e-mails, voice, documents, video and even people. Because of this unique ability, Autonomy's technology automates business operations on unstructured information, such as categorizing, linking, personalizing and delivering operations, which, to date, have been completely manual. Autonomy's technology powers any application dependant upon unstructured information including: e-commerce, customer relationship management, knowledge management, enterprise information portals and online publishing.
Among Autonomy's 390-plus customers are Alcatel, Associated Press, BBC, British Aerospace, Clorox, Reed Elsevier, News Corp., Lucent Technologies, Merrill Lynch, SF Gate, Reuters, Semi-tech, The Royal Mail, TF1, Unilever and the United States Department of Defense. In addition, many of the world's leading software companies license Autonomy's technology to add intelligence to their own products, in areas as diverse as online publishing, knowledge management, email routing and document management. These include Vignette, Sybase, Corechange, Brio, Delano, Epiphany, Filenet, Hyperwave, Insight, Intranet Solutions, Intraspect, KnowledgeTrack, Nexor, Novient and OpenMarket.
Autonomy was founded in 1996 and has offices in Boston, Chicago, Dallas, San Francisco, New York and Washington, D.C. in the United States, as well as offices through Europe, including Amsterdam, Brussels, Cambridge, Frankfurt, Milan, Paris, Oslo, and Sydney. In July 1998, the company went public on the EASDAQ exchange (EASDAQ:AUTN). Autonomy floated on The Nasdaq National Market (NASDAQ: AUTN) in May 2000, and on the London Stock Exchange (LSE: AU.) in November 2000.
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, technology risks, including dependence on core technology; 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; 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 Statements on Form F-1.
For further information, please contact:
Autonomy Corporation plc
Dr. Mike Lynch, Founder and Group CEO
Dominic Johnson, Chief Marketing Officer
Tel: +44 (0) 1223 421 220
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