SilverStream® And Autonomy Expand Strategic Partnership With OEM Agreement
SilverStream eXtend™ Director to Ship With Autonomy's Industry Leading Technology
Billerica, Mass./San Francisco, CA - September 18, 2001 - SilverStream Software, Inc. (Nasdaq: SSSW) and Autonomy, Inc. (Nasdaq: AUTN; Nasdaq Europe: AUTN; LSE: AU.) today announced that they have entered into an OEM agreement to embed a core piece of Autonomy's dynamic reasoning engine within SilverStream eXtend™ Director 3.0 (eXtend Director). By incorporating this technology into eXtend Director, users will benefit from the flexibility and power of Autonomy's infrastructure software to identify and leverage relevant information within the enterprise.
A key piece of the SilverStream eXtend product suite, eXtend Director 3.0 is a comprehensive set of capabilities for consuming and delivering dynamic content, data and Web Services in a relevant way to customers, partners and employees on any device. Available today in beta (see related announcement issued September 18, 2001), eXtend Director is fully J2EE compliant and runs on market-leading J2EE application servers including the SilverStream eXtend Application Server. Autonomy's technology enhances eXtend Director's content management subsystem by enabling computers to automatically analyze and rank concepts within unstructured information - including email, voicemail, Web pages and documents - so that it can be categorized, linked to related information and delivered to the appropriate person. Using eXtend Director with Autonomy's technology, users no longer need to sift through irrelevant content to find information they need, which allows organizations to focus on core business objectives and save time and money.
"We found Autonomy's concept-based technology to be more powerful and scaleable than key word-based technologies," said Kim Sheffield, vice president of eBusiness technologies for SilverStream Software. "The strength of Autonomy's solution, combined with the quality of their support and market-leading presence, made them a natural first choice for SilverStream. eXtend Director uniquely offers a very flexible approach to helping organizations provide a relevant and customizable user experience, and the addition of Autonomy's technology makes this even easier for our customers."
According to Richard Gaunt, chief technology officer and co-founder of Autonomy, SilverStream is a valuable OEM Partner because its software simplifies and accelerates the delivery of sophisticated business applications that leverage the Internet. "We were pleased that SilverStream joined our OEM Partner program earlier this year and we are delighted that they are already rolling out the first of their products, eXtend Director, which includes our technology," said Gaunt. "With Autonomy's technology, SilverStream eXtend Director will make it even easier for companies to provide ubiquitous access to information and electronic processes - no matter where it resides throughout the enterprise or on the Web."
The expanded relationship and OEM agreement between SilverStream and Autonomy strengthens the partnership that the two companies have benefited from since 1999. SilverStream eXtend Director customers will also benefit from seamless integration with other Autonomy products and solutions. For example, customers will be able to aggregate content from a variety of mainstream corporate systems including Lotus Notes, MS Exchange, Interwoven and Documentum. SilverStream and Autonomy will be working together to bring the strength of these complementary offerings to their combined customer base, as well as pursue joint opportunities and support each other's marketing efforts. Additionally, Autonomy and SilverStream will deliver a single point-of-contact, integrated customer support to customers.
About Autonomy
Autonomy Corporation plc (Nasdaq: AUTN; Nasdaq Europe: AUTN; LSE: AU.) is a global leader in infrastructure software for the enterprise. Autonomy's technology powers applications dependent upon unstructured information including: e-commerce, customer relationship management, knowledge management, enterprise information portals, enterprise resource planning and online publishing. Autonomy's customer base includes more than 450 global companies, including Astra Zeneca, British Aerospace, Clorox, Deutsche Bank, Ericsson, General Motors, Lucent, Royal Sun Alliance, Sun Microsystems and public sector agencies including the United States Department of Defense, NASA and the United States Department of Energy. Strategic reseller and OEM partners include leading companies such as Business Objects, Hewlett Packard, IBM Global Services, Oracle, Vignette and Sybase. The company has offices in North America, Europe, Asia and Australia and is on the Web at http://www.autonomy.com/.
About SilverStream Software, Inc.
SilverStream Software, Inc. (Nasdaq: SSSW) provides the first comprehensive integrated services environment to simplify and accelerate the development of sophisticated business applications. SilverStream's proven technology is based on the best of Java, XML, and Web Services, and enables businesses to unlock the potential of existing systems and rapidly deliver business applications to the Web. SilverStream powers business operations for more than 1,500 customers worldwide including Amerisure Insurance, Home Depot, the Chicago Stock Exchange, Samsung Electronics, Sears, Qwest Communications and US Cellular. SilverStream's worldwide partner network includes system integrators, independent software vendors, application service providers and other strategic partners such as Cap Gemini Ernst & Young, Compaq, Deloitte & Touche, Hewlett Packard, IBM, Intel, Mercury Interactive, Microsoft, Oracle and Sun Microsystems.
SilverStream Software is headquartered in Billerica, Mass. with offices throughout the world. For more information, please visit http://www.silverstream.com/.
SilverStream is a registered trademark and SilverStream eXtend is a trademark of SilverStream Software, Inc. All other names are trademarks or registered trademarks of their respective owners.
Note:
This press release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations, beliefs, hopes, intentions or strategies regarding the future. These statements involve risks and uncertainties that may cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements. Factors related to the subject matter of this press release include the possibility that: SilverStream will not be able to continue using the Autonomy software in its SilverStream eXtend Director product; and that the Autonomy software will not work effectively with the SilverStream extend Director product to enable users to sift through irrelevant content. Other factors that could cause or contribute to such differences include, but are not limited to: continued widespread adoption by businesses of Internet business solutions, including the adoption of Web Services; market acceptance of our products and services and enhancements thereto, including market acceptance of SilverStream products; our ability to expand our eBusiness solutions and services customer base and to provide customers with solutions and services; our ability to develop and enhance our sales and marketing capabilities; technological changes; our ability to grow our customer base or generate repeat business; our ability to develop and enhance our products and services; our ability to continue using third party software in our products; protection of our intellectual property; and other risk factors that are discussed in the Company's reports and registration statements filed previously and from time to time with the U.S. Securities and Exchange Commission. All forward looking statements included in this press release are based upon information available to the Company as of the date hereof, and the Company does not assume any obligation to update such statements or the reasons why actual results could differ materially from those projected in such statements.
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