Virage® Delivers Next-Generation SmartEncode™ Suite
Award-Winning Video Content Management Solutions Provider Enhances Automation and Transformation Capabilities
SAN MATEO, Calif. - September 26, 2001 - [Nasdaq: VRGE] Virage, Inc., a leading provider of enterprise-scale video content management and publishing solutions, today announced its next-generation SmartEncode family of products. Virage announced VideoLogger® 5.0, Software Developer Kit 5.0 and ControlCenter™ 2.0, further automating the video content workflow process and reducing cost of ownership and deployment.
The new versions of the SmartEncode suite create a simultaneous, real-time process for controlling, automating and integrating the workflow surrounding video transformation including encoding, indexing and delivery. Customers will benefit from enhanced automation, as well as tighter time synchronization and control for simultaneous, multi-format encoding.
"We are very excited about our new VideoLogger 5.0 product-the most mature and scalable product for encoding and indexing video on the market," said Paul Lego, chairman and CEO of Virage. "These enhancements to our widely adopted SmartEncode product family are a direct result of our experience with more than 275 customers-listening to their needs-particularly those in the corporate, government, media and entertainment markets. Virage's customer-proven and tightly integrated suite now solves a broader set of problems faced by enterprises working with video and looking to improve workflow efficiencies and the bottom-line."
Virage's VideoLogger 5.0 can now be configured as a Windows Service, creating a tighter integration with the underlying operating system for higher levels of reliability and scalability. This capability is important to the ever-growing list of Fortune 1000 and media and entertainment companies who are capitalizing on their rich media assets by streaming valuable video content on their internal and external websites.
"Video transformation is no longer, by definition, a manual and time-intensive process, but rather an efficient and cost-effective method of turning video into a valuable corporate asset," said Carlos Montalvo, chief marketing officer at Virage. "Virage SmartEncode delivers the automation and scale required for processing and publishing large volumes of analog or digital video."
The SmartEncode Family Includes:
Control Center-manages, monitors and schedules multiple video feeds
VideoLogger-automatically creates a rich, multi-layered video database
Encoder Software-automates and controls the encoding workflow for multiple formats and bit rates
Media Analysis Plug-Ins-enriches video database through enhanced signal analysis
Software Developer's Kit-extended open architecture for custom integration
New Feature Summary:
Automated clip marking and segmentation tools for unattended operation
New configuration tools, delivering simpler and more intuitive methods for setting up and administering VideoLoggers and encoders
Tight integration with the underlying operating system through a "lights-out" configuration thereby achieving a higher level of reliability, scalability and recovery
Multi-byte character support for ControlCenter
The addition of the Media Analysis API into our Software Developer's Kit (SDK)
About Virage, Inc.
Headquartered in San Mateo, California, Virage is the leading provider of enterprise-scale video content management and publishing solutions. 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 News to Yahoo! More than 275 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.
Forward Looking Statements
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 provide", "intends to" 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. The determination of when VideoLogger® 5.0, Software Developer Kit 5.0 and ControlCenter™ 2.0 will be made available for general distribution, if ever, remains at the sole discretion of Virage, Inc.
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