FöreningsSparbanken (Swedbank) ENHANCES CORPORATE INTRANET WITH AUTONOMY'S INFRASTRUCTURE TECHNOLOGY
Automated Infrastructure Will Provide Employees Easy and Efficient Access to Relevant Information
Cambridge, England - November 14, 2002- Autonomy Corporation plc (Nasdaq: AUTN; LSE: AU., Nasdaq Europe: AUTN), a global leader in infrastructure software for the enterprise, today announced that FöreningsSparbanken (Swedbank), one of Scandinavia's largest banking institutions, has deployed Autonomy's technology to power its corporate Intranet serving over 14,000 employees. The Intranet creates a single location where pertinent industry-related and corporate documents can be easily and readily accessed by employees.
With Swedbank employees located throughout Scandinavia, the company needed a central location where workers could access critical industry news and documents, as well as obtain updates on corporate information, such as training and benefits. Autonomy's technology enables employees to locate specific information from both external and internal sources without having to manually search for such information. In addition, related documents are delivered via the Intranet with automatically created hyperlinks.
"By decreasing the time spent actively looking for information, Swedbank employees have more time to focus on their core responsibilities, thereby increasing the efficiency and effectiveness of the organization. At every financial institution, employee time is a critical commodity that is always in short supply," said Lennart Lundgren, Manager, Intranet and Internet. "By integrating Autonomy's technology into our upgraded Intranet, Swedbank employees have immediate access to the business critical information they need to get their jobs done more efficiently. In addition, the technology was quickly implemented with a minimum of administration saving time and money for our organization."
"Whether in financial services, manufacturing or pharmaceuticals, companies cannot afford to neglect their core business to manage rapidly expanding amount of unstructured information," said Mike Lynch, Founder and CEO of Autonomy. "Swedbank joins other prominent financial institutions including ABN Amro, Deutsche Bank, HSBC, Lloyds TSB, Nomura, Royal & SunAlliance and Zurich that use Autonomy's automated infrastructure to deliver information across their enterprise."
Autonomy's unique Intelligent Data Operating Layer (IDOL) integrates unstructured, semi-structured and structured information from multiple repositories through an understanding of their content. At the heart of Autonomy's software is its ability to process text, voice and video in any language and identify and rank the main concepts within them. It then automatically categorizes, links, summarizes, personalizes and delivers that information. Autonomy's infrastructure technology is used to automate operations within enterprise information portals, customer relationship management, knowledge management, business intelligence and e-business applications, among others. Autonomy's technology also drives collaboration across the enterprise and enables organizations to effectively leverage expertise.
About Swedbank
Swedbank is one of the largest banking groups in the Nordic countries with total assets of about SEK 986 billion. Swedbank's customers are primarily private individuals, local companies, municipalities, county councils, and a number of large corporations. The Group's services are focussed on savings and investments, housing and financing, and payment transfer services. More than 4.1 million private individuals and about 228 000 companies and farmers are the Bank's customers in Sweden.
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 575 global companies, including Hutchison 3G, Channel 4, Deutsche Bank, AT&T, AstraZeneca, BAE Systems, Ford, Ericsson, General Motors, Lucent, Royal Sun Alliance, Sun Microsystems and public sector agencies including the UK Government's Department of Trade and Industry, NASA, the US Department of Defense and the US Department of Energy. Strategic reseller and OEM partners include leading companies such as BEA, Business Objects, Computer Associates, 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 www.autonomy.com.
Caution Concerning Forward-Looking Statements
With the exception of historical information, the matters set forth in this news release are forward-looking statements that involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. These factors include, among others, technology risks, including dependence on core technology; fluctuations in quarterly results; dependence on new product development; rapid technological and market change; reliance on sales by others; management of growth; dependence on key personnel; rapid expansion; growth of the Internet; financial risk management; and future growth subject to risks. These factors and other factors which could cause actual results to differ materially are also discussed in the company's filings with the United States Securities and Exchange Commission, including Autonomy's Annual Report on Form 20-F and Registration Statements on Form F-1.
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