Virage® to Participate in Video Analysis and Content Extraction (VACE) Research Program Sponsored by the Advanced Research and Development Activity (ARDA)
SAN MATEO, Calif., January 19, 2004 - Virage, Inc., a wholly owned division of Autonomy Corp. (Nasdaq: AUTN; LSE: AU.) and a leading provider of rich media communication and content management software, today announced its participation in the Video Analysis and Content Extraction (VACE) program sponsored by ARDA. The 2 year applied research project brings together research teams from Virage, ALPHATECH, The University of Maryland and M.I.T. to collaborate on the development of video content extraction technology.
The initial focus of the VACE Program is to develop automatic detection and recognition technologies from various video-related sources including indoor and outdoor activities, unmanned air vehicles, and television news broadcasts. Over time, VACE technologies aim to provide significant improvement in indexing and retrieval, understanding, image processing, data mining, filtering and selection, and storage and forwarding mechanisms.
"Applied research such as VACE is not only a great opportunity to develop the core technologies needed by the intelligence community to process and analyze the large quantities of critical video data, but also helps to drive the development of state of the art commercial applications," said Dr. Ric Upton, vice president, Strategic Development at ALPHATECH. "Our goal is to provide the tools to automatically analyze the underlying meaning of human interaction within video data so that it can be more easily indexed, summarized and understood."
About ARDA
The Advanced Research and Development Activity (ARDA) is an intelligence community center for conducting advanced research and development related to information technology (information stored, transmitted, or manipulated by electronic means). ARDA sponsors high risk, high payoff research designed to produce new technology to address some of the most important and challenging IT problems faced by the intelligence community. The research is currently organized into five technology thrusts, Information Exploitation, Quantum Information Science, Global Infosystems Access, Novel Intelligence from Massive Data and Advanced Information Assurance.
About ALPHATECH
ALPHATECH develops advanced technologies and software solutions that enable organizations to make and execute better decisions faster - particularly in real-time, data-intensive environments. Our solutions provide integrated, high performance capabilities for the entire information processing chain, from raw sensor measurements to strategy formulation, planning, and execution. ALPHATECH is a rapidly growing, private technology company with headquarters in Burlington, Massachusetts and offices in Arlington, Virginia and San Diego and Mountain View, California.
About Virage
A wholly owned subsidiary of Autonomy Corporation plc (LSE: AU., NASDAQ:AUTN), Virage is a leading provider of rich media communication and content management software for corporations, media and entertainment companies, universities and government agencies worldwide with 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.
About Autonomy
Autonomy Corporation plc (Nasdaq: AUTN; LSE: AU.) is a global leader in infrastructure software for the enterprise. Autonomy's technology powers applications dependent upon unstructured information including call center, customer relationship management, knowledge management, enterprise portals, enterprise resource planning, online publishing and security applications. Autonomy's customer base includes more than 1000 global companies including BAE Systems, Ford, Ericsson, Royal Sun Alliance, Sun Microsystems and public sector agencies including the U.S. Department of Defense, NASA and the U.S. Department of Energy. Strategic reseller and OEM partners include leading companies such as ATG, BEA, Business Objects, Brio, Citrix, Computer Associates, EDS, IBM Global Services, iManage, Novell, Novient, Vignette and Sybase. The company has offices worldwide.
The Autonomy Group of companies includes: Aungate, a leading supplier of electronic communications management technology for regulatory compliance in the enterprise; Audentify, a leading supplier of next-generation contact center technology; and Virage, a leading provider of video and rich media communication software.
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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