Virage and Telestream Offer New Plug in to Enable One Step Web-Video Publishing
Compatibility Enables More Efficient and Cost-Effective Online Video Encoding and Distribution
STREAMING MEDIA WEST 2001, Long Beach, Calif. - June 20, 2001 - Virage, Inc. [Nasdaq: VRGE], a leading provider of video content management and publishing solutions, and partner Telestream, a leading provider of media encoding and delivery solutions, announced today that they are currently shipping the FlipFactory™ Plug In for Virage VideoLogger®. The new plug-in, available now from Telestream, seamlessly integrates Telestream and Virage technology to simultaneously index and encode video into multiple streaming formats and bitrates, automatically sending all of the output files to appropriate streaming servers and distribution networks.
"There is a natural fit between Virage's video content management solutions and Telestream's media encoding and delivery solutions. Our design teams have worked closely together to develop a seamless solution for content owners that enables them to easily acquire, encode and deliver searchable streaming media content to their websites - all in a simple one-step process from anywhere in the world," said David Heppe, vice president of marketing and business development at Telestream
"We are pleased with Telestream's integration and commitment to the Virage platform. Telestream has developed a proven set of products that easily integrate into various video processing workflows," said Dave Girouard, senior vice president of products and services at Virage. "We feel the joint solution offers the customer cost-effective and flexible products for their encoding, transcoding and content management needs."
The Virage platform consists of the SmartEncode™ process, which allows video to be simultaneously encoded and indexed, and the Video Application Server. The Virage Video Application Server is a powerful set of tools that allows end-users to search and access large volumes of video content across multiple video collections, and enables administrators to easily create powerful tools for managing and monitoring video usage.
Telestream Flipware™ is a powerful media encoding and delivery platform that automates the entire process of content acquisition from pre-processing, encoding and delivery to streaming servers. When combined with Telestream's ClipMail Pro™ and Telestream's FlipFactory™, streaming video can be automatically delivered to streaming servers, broadcast servers and Content Distribution Networks (CDNs).
The FlipFactory™ Plug In for Virage VideoLogger® is available now from Telestream for $3,500.
About Telestream
Telestream and its award-winning streaming media infrastructure products simplify the encoding and delivery of broadcast-quality video and streaming media via the Internet. FlipFactory™, the company's newest software solution, enables content owners to easily encode media in any format/bit rate, faster than real time, with automated publishing to streaming servers. Telestream's appliances and automation software eliminate today's time-consuming, manual process of media acquisition, encoding and delivery to servers. Simple, fast and reliable are reasons why CNN, NBC, Bloomberg, Time Warner and other high-profile media companies rely on Telestream technology. Located in the "video valley" region of Nevada City, California, Telestream is managed by seasoned video experts. It is privately held and is funded by Intel, Shaw Venture Partners, Hallador Venture Partners and angel investors. Contact Telestream at 530-470-1300 (www.telestream.net).
About Virage, Inc.
Headquartered in San Mateo, California, 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 250 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 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 serve", "will be" 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 http://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 and VideoLogger are registered trademarks and the Virage logo, Video Application Server 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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