Philips Chooses Autonomy to Power Worldwide E-Business Operations
Autonomy also becomes a Philips "preferred supplier," facilitating future rollouts
CAMBRIDGE, England, 11th January 2001 - Autonomy today announced that Europe's largest electronics company, Philips International BV ("Philips"), has adopted Autonomy's technology to power a global e-commerce initiative across multiple areas. Autonomy will also become a Philips preferred supplier, enabling future rollout of Autonomy across the company.
Dr. Mike Lynch, founder and Group CEO of Autonomy, commented: "This is an excellent development for Autonomy. Philips has many divisions, including Consumer Electronics, Domestic Appliances, Lighting, Research, Medical Systems and Components, and Autonomy's newly-acquired status as a Philips preferred supplier means that rollout of Autonomy across Philips can take place rapidly and with minimal need for administration. We have demonstrated that we can integrate seamlessly with Philips' existing systems to provide a completely automated e-commerce infrastructure."
At the heart of Autonomy's software is its ability to analyse text and voice (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.
About Autonomy Corporation plc
Autonomy's infrastructure technology enables computers to form an understanding of a piece of text, Web pages, e-mails, voice, documents and 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.
About Philips Electronics
Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 31.5 billion in 1999. It is a global leader in colour television sets, lighting, electric shavers, colour picture tubes for televisions and monitors, and one-chip TV products. Its 239,370 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors and medical systems. Philips is quoted on the NYSE (symbol: PHG), London, Frankfurt, Amsterdam and other stock exchanges.
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 Additional Information:
Edward Bridges/Alastair Hetherington
Financial Dynamics
(44) 020 7831 3113
Ann Travers
Brainerd Communicators, Inc.
212 986 6667
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