IT Research Firm Finds Autonomy Fastest Growing Company In Information Access Software Market
Company Building on #1 Position
Year-On-Year Market Share Growth Seen Against Competitor Decline
SAN FRANCISCO, Calif. - November 29, 2002 - Autonomy Corporation plc (Nasdaq: AUTN; LSE: AU., Nasdaq Europe: AUTN), a global leader in infrastructure software for the enterprise, today announced that it is continuing to grow its global market share in the information access software category, and has further strengthened its #1 position as the fastest growing company in this sector over the past four years, according to a just-released report from Gartner Dataquest entitled "Collaboration Software and Knowledge Management Tools Market Statistics, 2002".
The annual accounting of software license revenue conducted by Dataquest Inc., a unit of Gartner Inc., a leading industry research firm, shows Autonomy has increased from 6.6% of the total market in 1997, to more than 21.4% in 2001, while its next nearest competitor has dramatically decreased market share by around 50% over the same period. During that time, Autonomy exhibited a dramatic growth rate in contrast to double-digit negative share growth shown by all other companies offering information access software.
According to Burke Oppenheimer, a research analyst with Gartner Dataquest, and author of the report, "Information location and retrieval has become a high profile issue in today's knowledge workplace. This software is crucial to help improve the productivity of and save time for knowledge workers, and it is not difficult to make a solid business case to justify the purchase of these applications".
"We believe that Autonomy's market-leading performance, as evidenced by the Gartner Dataquest report, is the result of Autonomy developing and delivering information access software that performs beyond customers' expectations, and provides unparalleled ROI," said Mike Lynch, Founder and CEO, Autonomy. "With this growth performance we look forward to the release of the 2002 figures which we expect to show Autonomy as the world leader in new software licenses for advanced information access".
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 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, the United States Department of Defense, NASA and the United States 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.
For more information, please contact:
Ian Black
Autonomy Corporation plc
+44 (0) 1223 448000 ianb@autonomy.com
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