Captiva to Embed Autonomy's Technology within its Digital Mailroom Solution for Advanced Classification and Routing of Inbound Mail and Electronic Communications
SAN FRANCISCO, Calif. - March 4, 2004 - Autonomy Corporation plc (Nasdaq: AUTN; LSE: AU.), a global leader in infrastructure software for the enterprise, today announced a strategic OEM agreement with Captiva Software Corporation (NASDAQ: CPTV), a leading provider of input management solutions. Captiva will embed Autonomy's pattern recognition technology within its Digital Mailroom system to provide customers with advanced classification and routing for digitized images of inbound mail and electronic communications. Autonomy's sophisticated pattern recognition software will replace Kofax's Mohomine toolkit.
At the heart of Autonomy's technology is its ability to take a piece of text and identify and rank the concepts within it. Autonomy's technology learns the meaning of new words or acronyms as new information enters the system over time. Because of this ability, Autonomy automates the categorization of information based on subject matter, thereby providing a highly scaleable solution for large volumes of information that needs to be quickly categorized and processed. Because Autonomy's technology identifies concepts rather than key words, it provides more accurate categorization than keyword-based approaches and can handle misspelled words.
Introduced in April 2003, Captiva's Digital Mailroom is an automated classification and routing system for digitized images of inbound mail and electronic communications. It offers a single point of entry for a company's incoming mail, faxes, e-mail and electronic communications streams. The system automatically recognizes and routes digitized images of documents and data to the appropriate department or person for further processing while concurrently providing full auditing and tracking capabilities. This results in reduced operational costs, the elimination of paper as it enters the enterprise and faster, more accurate routing of forms, documents and other transactions for accelerated business processes and optimized customer satisfaction.
"Autonomy's superior text categorization technology offers more robust and scalable learning abilities than the previous toolkit utilized within the Digital Mailroom. It's able to better process optical character recognition (OCR) output and other electronic data streams and interpret words contextually to deduce meaning. This results in the more efficient and accurate classification of text and documents," said Jim Nicol, Captiva's executive vice president of product development. "Autonomy's technology provides an automated, scaleable solution to categorizing documents that empowers us to offer a better, more robust Digital Mailroom solution to our customers. In addition, Autonomy's size, resources, market share and successful track record in serving its large customer base was a factor in selecting them as a technology partner."
"We're proud to partner with Captiva to offer superior technology within its Digital Mailroom solution," said Stouffer Egan, CEO of Autonomy North America. "As our latest OEM customer, Captiva demonstrates what a wide range of leading companies use our technology to automate information management within their own applications. Autonomy's OEM customers include leading software companies such as BEA, Business Objects, Computer Associates, Sybase, Vignette and EDS."
About Captiva
Captiva Software Corporation (NASDAQ: CPTV) is a leading provider of input management solutions. Since 1989, the company's award-winning products have been used to manage business critical information from paper, faxed and electronic forms, documents and transactions into the enterprise in a more accurate, timely and cost-effective manner. These products automate the processing of billions of forms, documents and transactions annually, converting their contents into information that is usable in database, document, content and other information management systems. Captiva's technology serves thousands of users in insurance, financial services, government, business process outsourcing, manufacturing and other markets. For more information, visit www.captivasoftware.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. In addition to Autonomy's core infrastructure products, the Autonomy group of companies includes Aungate, a leading supplier of electronic communications management for regulatory compliance in the enterprise, Audentify, a leading supplier of next-generation contact center technology and Virage, a leading provider of rich media communication and content management software. 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, Citrix, Computer Associates, EDS, IBM Global Services, Novell, Novient, Vignette and Sybase. The company has offices worldwide.
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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