Sogecable Selects Virage To Streamline Its Video Archive
Spain's Largest Pay-TV Group Will Use Virage Platform to Convert Video Assets into Online Library for Improved Program Assembly
SAN MATEO, Calif. - October 29, 2001 - Virage, Inc. [Nasdaq: VRGE], a leading provider of enterprise-scale video content management and publishing solutions, today announced that Sogecable, Spain's largest Pay-TV group, will use Virage software products to develop one of the most advanced digital archives in Europe. Sogecable will employ Virage SmartEncode™ products as the starting point for its new all digital archiving system.
"We are delighted that Sogecable has chosen Virage," said Mark Rattley, Vice President and General Manager for Virage Europe. "Virage SmartEncode products give Sogecable an advantage over competitors by converting broadcast content into highly accessible and manageable online assets that can be easily deployed on the Web."
Virage SmartEncode technology will enable Sogecable to simultaneously and automatically index and encode video from its 200,000-hour archive of content. Sogecable editors, journalists and researchers will then be able to efficiently browse the library, and instantly access and preview specific video clips in order to assemble them for televised programs.
"Virage's technology will enable our team at Sogecable to deploy one of the world's most advanced archive systems," said Adolfo Remacha, Director Proyecto Técnico for Sogecable. "The speed and ease of access to archived video footage will allow us to produce programs far more creatively and efficiently, dramatically improving the way we produce our television content, and resulting in cost savings delivered to our bottom line."
SmartEncode is a real-time process for simultaneously controlling, automating and integrating video acquisition workflows. It includes the ability to capture, index and encode video. Using the flagship SmartEncode product, VideoLogger®, and its audio recognition plug-ins, Sogecable will simultaneously index and encode their video archive, creating high-resolution production quality video and low-resolution browseable video in a single, time-saving pass. While video is being encoded, the SmartEncode process simultaneously transforms the video into an information rich video database, time-synchronized to the encoded file(s). A user then has keyword searchable access and immediate retrieval of any point within in any video in the archive. Sogecable's newly devised archive will use the Virage SmartEncode products as the front end of an Ascential Media360™ content management system, helping to streamline the production workflow.
About Virage, Inc.
Headquartered in San Mateo, CA, Virage is the leading provider of 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 to Yahoo! well over 300 customers across a broad range of markets have turned to Virage to help them improve production efficiencies and create new revenue opportunities with video. 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. Check out Virage at http://www.virage.com.
About Sogecable
Sogecable is the pioneer and leader in Spain of pay television, which constitutes its main line of business. Currently it has more than two million homes subscribing to its different services, which makes it the third biggest European group in the sector.
Forward Looking Statements
This press release contains forward looking statements, including statements about our future sales growth, particularly in the paragraph entitled "Looking Forward." Our forward looking statements are based on currently available information which management has assessed but which is dynamic and subject to rapid and even abrupt change due to risks and uncertainties that affect our business, including the unpredictability of future revenues due to our short operating history and limited visibility into future demand on which to base our forecasts; the current uncertainty in our marketplace which may impact expected demand, customer selection criteria and sales cycle; our ability to execute on service and software deliverables and major customer contracts, and, in particular, our relationship with Major League Baseball Advanced Media; slower economic growth generally, slower adoption of broadband technology, or cutbacks in information technology spending; and factors beyond our control such as power outages or work stoppages at key customers. Our forward looking statements should be considered in the context of these and other risk factors disclosed from time to time in the company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K and Form 10-Q filings.
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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