Autonomy & Virage to Unveil First Integrated Products at IBC 2003 Show
AMSTERDAM, Netherlands - September 12, 2003 - Autonomy Corporation plc (Nasdaq: AUTN; LSE: AU., Nasdaq Europe: AUTN), a leading provider of infrastructure software for the enterprise, and Virage, a leading provider of video and rich media communication software, today announced that, following the announcement of Autonomy's acquisition of Virage on September 2, they will unveil their first integrated products at IBC 2003 in Amsterdam. Autonomy and Virage will be demonstrating the new products at the Virage suite, room 132 in Hall 8, RAI Convention Center. Virage products will also be shown in Hall 8 Booth 8.161.
Virage, a new division of Autonomy, has embedded Autonomy's award winning Dremedia and Intelligent Data Operating Layer (IDOL) technologies within the Virage rich media products and business solutions for corporations, government agencies, universities, and media & entertainment companies worldwide. The technologies are integrated into the Virage SmartEncode™ and Virage Solution Server™ products powering the Virage business solutions for video production, archiving, webcasting, publishing and news monitoring. The addition of the powerful Dremedia and IDOL technologies provide a completely automated infrastructure for all existing and new Virage products.
With more than 400 installations worldwide, the Virage SmartEncode software is the industry's leading solution for automated capture, encoding and indexing of video. The product suite includes the award-winning VideoLogger™ for automated encoding and indexing of video and the ControlCenter™ for centralized scheduling, monitoring and management of tens or even hundreds of capture stations.
The Virage Solution Server provides a range of content management functions for enterprise-scale rich media applications, including data storage, full text search, content editing, and access control. The Solution Server is the foundation of Virage's packaged VS Production™, VS Publishing™, and VS Webcasting™ solutions, and provides the platform for the Virage news monitoring solution.
Dremedia's technology is built upon Autonomy's unique Intelligent Data Operating Layer (IDOL), which automatically 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.
Dremedia's technology is the only fully automated, integrated and synchronized technology available for rich media content management. Dremedia's technology employs the most advanced speech recognition, video and audio analysis and synchronization technologies to deliver unparalleled automation to the handling of audio, video or text-based content.
Borne out of over 10 years of commercial and academic research and development, Dremedia's technology can take any broadcast stream in real-time, analyse all aspects of the content and dynamically create an XML index consisting of millisecond-accurate time-codes describing attributes of the content (such as key frames, speaker IDs, an automatically-generated transcript etc.) This can then be used to enable applications in speech and audio processing, such as: speech recognition, speaker recognition, language recognition and speech enhancement.
Because of the accuracy and utility of the speech recognition, Dremedia's products are the only products that enable the frame-accurate selection of video via an interface onto an automatically generated transcript. In addition, Dremedia's proprietary technology - using advanced signal processing techniques - enables an image to be segmented into its component parts, such that they may be identified, understood, labeled and indexed.
"We are pleased to unveil the first integration of our technologies," said Autonomy CEO and co-founder, Dr. Michael Lynch. "The successful and rapid integration reflects the position of Autonomy's Intelligent Data Operating Layer (IDOL) and Dremedia technologies as the key infrastructures for the automated management of all forms of unstructured information. The Virage products with thesetechnologies embedded positions Virage to take advantage of its clear leadership position and deliver customers access to the world's leading video technologies and business solutions."
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 Defense, NASA and the US Department of Energy, as well as the UK Government's Department of Trade and Industry and numerous agencies responsible for homeland security related functions. 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.
Dremedia, is a division of Autonomy. Founded on Autonomy's unique Intelligent Data Operating LayerTM (IDOL), Dremedia provides a technology platform that automatically analyzes, understands, and manipulates video and audio content. Dremedia's customers include leading media and communications companies such as: the BBC, CNN, Quantel, VTR Group, Autocue and Telecom Italia.
Autonomy has offices worldwide and is on the Web at www.autonomy.com.
About Virage
Established in 1995, Virage is a leading provider of video and rich media communication software for video production, archiving, Internet publishing and webcasting. Virage builds integrated rich media business solutions for corporations, media and entertainment companies, universities and government agencies worldwide. Virage solutions include VS ProductionTM for streamlining of professional video workflow, VS PublishingTM for developing content into compelling Internet programming and VS WebcastingTM for planning and producing interactive, live and on-demand webcasts. The company has more than 400 customers and more than 125 partners. Virage customers include Cisco Systems, Empire Blue Cross Blue Shield, Harvard University, NASCAR, Oracle Corporation, Pfizer, the United States Senate, Xerox and many more. Headquartered in San Mateo, California, Virage has offices throughout the United States and Europe. For more information about the company, its products, and customers, please visit www.virage.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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