Autonomy Announces Both Strategic Partnership with China's Ccid Data Co., and First Joint Customer in China
CAMBRIDGE, UK. and LONDON - April 10, 2003 - China's Centre for Information Industry Development (CCID Data Co.), China's leading information management company, today announced it has formed an alliance with Autonomy (NASDAQ: AUTN; LSE: AU.; NASDAQ Europe: AUTN), a global leader in infrastructure technology for the enterprise. This alliance will draw on the complementary expertise of both companies to deliver Autonomy solutions to customers throughout China and help clients realize greater business value and reduce costs of manually processing information through more effective and intelligent information management and delivery. This new partnership is pleased to announce China Putian, the No.1 IT manufacturer in China since 2000, as its first customer.
As organizations have become increasingly dependent on the successful management of mountains of information generated from unstructured sources such as e-mails, meetings and miscellaneous documents, the disparate forms, formats, languages, subjects and quantities in which the information is available can create significant barriers to achieving business efficiencies and goals. This is no less true in China, where the burgeoning economy has been estimated to drive e-business demands from today's $500m to over $23bn in the next 36 months, more than anywhere else in the world. In particular, the traditionally manual tasks associated with managing and processing such information are often time consuming, inconsistent and inaccurate.
Mr.Luo Wen, CEO of CCID Data, also Vice President of CCID, said: "Autonomy has the most advanced technology that enables users to scientifically manage unstructured and semi-structured information. We strongly believe that through the cooperation, we will bring more suitable solutions for different Chinese industries, and provide effective information management applications and services for both Chinese government and enterprise users. It's our great honour to be in partnership with Autonomy".
Autonomy is providing to CCID Data its world-renowned Intelligent Data Operating Layer (IDOL) to automate the manual processes of aggregation, categorization, hyperlinking, summarization, retrieval and delivery of unstructured information. Based on the powerful resource platform of the Electronic Information Center of Ministry of Information Industry, CCID Data provides the governmental platform and extensive industrial data channels throughout China. CCID Data's clients include finance, telecom, electronics, energy, transportation, media, consulting, scientific, research and education and the government at all levels.
"CCID Data is the No1 platform in information content, the No1 expert in information management, and the No1 brand name in China. Autonomy and CCI Data. provide China with an excellent framework for unlocking the business value of information and we are proud for Autonomy, the World's No1 automated infrastructure, to be partnering with CCID," said Mike Lynch, Founder and CEO, Autonomy.
Autonomy's unique Intelligent Data Operating Layer (IDOL) integrates unstructured, semi-structured and structured information from multiple repositories through an understanding of their content. Autonomy grants enterprises the flexibility to use advanced information retrieval or legacy-based approaches. At the heart of Autonomy's software is its ability to process text, voice and video and identify and rank the main concepts within them. It then automatically categorizes, links, summarizes, personalizes and delivers that information in any language. Autonomy's technology also drives collaboration across the enterprise and enables organizations to effectively leverage expertise. 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.
About CCID Data
CCID Data is China's first institution providing modern information management service. Originated from the China Electronics Information Center (CEIC) of Ministry of Electronics Industry in 1993, CCID Data has become a modern data management company with the widest scope of data information content services and the strongest technical capability in information management in China, and also a key decision support organization for Ministry of Information Industry. Several important factors ensure CCID Data to be the most famous information service provider in China including: Abundant Industrial Resources, Advantageous Governmental Platform and Extensive Data Channels.
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 customer relationship management, knowledge management, enterprise portals, enterprise resource planning, online publishing and security applications. Autonomy's customer base includes more than 600 global organizations including AstraZeneca, BAE Systems, Ford, Ericsson, Hutchison 3G, the BBC, RoyalSunAlliance, Sun Microsystems and public sector agencies including the US Department of Homeland Security, the US Department of Defense, NASA and the US Department of Energy, as well as the UK Government's Department of Trade and Industry. Strategic reseller and OEM partners include leading companies such as ATG, BEA, Business Objects, Computer Associates, Hewlett Packard, IBM Global Services, Vignette, EDS and Sybase. The company has offices worldwide 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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