Virage Signs Mutual Reseller Agreement with RealNetworks
Companies Combine Sales Efforts To Deliver Turnkey Enterprise Webcasting Solution
LAS VEGAS - April 8, 2003 - Virage, Inc. [NASDAQ: VRGE], a leading provider of video and rich media communication software, today announced a mutual reseller agreement with RealNetworks®. Under the agreement, RealNetworks will resell the Virage VS Webcasting™ solution for enterprise webcasting, and Virage will resell the complete suite of RealNetworks products including RealOne™ and Helix™ families of products.
With this agreement, Virage and RealNetworks are joining forces to deliver a best-in-class solution for live and on-demand webcasting inside and outside the corporate firewall. By combining RealOne Enterprise Desktop and Helix Universal Server with VS Webcasting, the two companies now offer a complete solution for producing live webcast events and on-demand webcast presentations including content creation, audience management, content management, media delivery and playback. For this joint solution, VS Webcasting manages the complete webcast workflow from scheduling through reporting, while the RealNetworks products enable the encoding, delivery and playback of the webcast presentation.
"Enterprises have come to rely on webcasting to optimize and streamline communications with employees, customers, business partners, and investors," said Nagesh Pabbisetty, vice president, RealNetworks, Inc. "By combining our multi-format media delivery platform, Helix, with the Virage webcasting application, we're able to provide customers with a solution designed specifically for large-scale enterprise webcasting."
"RealNetworks is a proven leader in the streaming industry and we're delighted to work with them to offer our customers an off-the-shelf solution for enterprise webcasting," said Dave Girouard, senior vice president of Marketing and Business Development, Virage. "We believe our combined efforts will continue to drive the growth of streaming media on corporate networks."
About VS Webcasting
VS Webcasting is an enterprise software solution that simplifies and streamlines the workflow for producing live webcast events and on-demand presentations. A secure and cost-effective alternative to legacy satellite systems and webcast service providers, VS Webcasting makes it easy for organizations to deliver video- and audio-based presentations on corporate intranets, extranets and the Internet. From event scheduling and preparation, to real time webcast operations, to detailed event reporting, this solution provides powerful Web-based tools that make it easy to assemble and manage interactive webcasts-such as sales and marketing presentations, company town meetings, morning calls, human resource broadcasts and training classes-that combine high-quality streaming audio and video with slides, digital documents, product demonstrations, Web pages and other online media. For more information about VS Webcasting, including product specifications, a white paper, and a self-running product demonstration, please go to webcasting.virage.com.
About RealOne Enterprise Desktop and Helix Universal Server
RealOne Enterprise Desktop is a totally customisable desktop player for enterprises, education and government organizations. With RealOne Desktop Manager, corporate IT departments can configure players to specifications that serve their own network environment. Helix Universal Server is a multi-format media delivery server that can deliver up to 10,000 concurrent audio streams from one server running on standard hardware.
About Virage
Established in 1995, Virage is a leading provider of video and rich media communication software. Virage builds integrated rich media business solutions for corporations, media & entertainment companies, universities and government agencies worldwide. Headquartered in San Mateo, California, Virage (www.virage.com) has offices throughout the United States and Europe.
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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 resell", "will continue", 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 but not limited to our annual report on Form 10-K and 10-Q filings, available online at 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 of Virage, Inc. The Virage logo, SmartEncode, VS Webcasting, VS Publishing, VS Production, MediaSync, ScreenCast, Virage ControlCenter and Virage Solution Server are trademarks of Virage, Inc. RealNetworks, RealOne and Helix are trademarks or registered trademarks of RealNetworks, Inc. Other company product and service names may be trademarks or service marks of others, and are hereby acknowledged.
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