Frost & Sullivan Honors Virage with Strategic Alliance Leadership Award
Over 125 Partners Drive Broad Adoption of Virage's Video Application Platform
SAN MATEO, Calif. - July 9 2001 - Virage, Inc. [Nasdaq: VRGE], a leading provider of video content management and publishing solutions, has been awarded the prestigious Strategic Alliance Leadership award from industry analyst Frost & Sullivan. With over 125 business partners, Virage's Video Application Platform and VDF metadata file format have gained wide market acceptance by providing significant leverage for system integrators and applications developers that are helping enterprises and media companies turn video into strategic online applications.
"Just as Quark prospered with an open-architecture that allowed third-party extensions for the print publishing industry, Virage platform adoption by partners and developers mirrors this concept within the video publishing industry," said Yankee Group analyst Steven Vonder Haar.
The Virage platform consists of tools and applications that transform video for online use. Its open-ended architecture can be leveraged by third-party developers to integrate interactive digital video into mission-critical enterprise applications, such as e-learning, brand management, corporate communications, product development and compliance, and video content syndication on the Web. The platform allows partners to leverage and extend Virage's industry-leading feature set instead of wasting time and scarce engineering resources building out baseline infrastructure to handle and exploit time rich media.
"We are very honored to receive Frost and Sullivan's Strategic Alliance Leadership award. Our Video Application Platform has allowed us to build a strong and successful developer and partner community," said Carlos Montalvo, chief marketing officer for Virage. "The growing suite of innovative products and solution partners emerging from our platform strategy will further accelerate the deployment of video as personalized information across the enterprise, entertainment and wireless markets."
About Virage, Inc.
Headquartered in San Mateo, California, Virage is the leading provider of video content management and publishing solutions. The Virage Internet 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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