Virage and Apptek to Jointly Offer State-Of-The-Art, Multilingual Voice-Recognition Solutions
Combined Technologies Address Companies' Need for Information Retrieval in Different Formats and Various Languages
SAN FRANCISCO, Calif. - August 23, 2004 - Virage, a division of Autonomy Corp. (NASDAQ: AUTN; LSE: AU.) and a leading provider of rich media communication and content management software, and Applications Technology, Inc. (AppTek), a leading technology developer of state-of-the-art applications in computational linguistics and linguistic software ("Lingware"), today announced a joint, global effort to provide leading-edge, multilingual voice-recognition software to government entities and broadcast media outlets globally. With this agreement, AppTek will now be able to integrate its text-based applications with Virage's speech technology, such as voice recognition and text-to-speech transcription and translation.
There is a growing need in the market for information retrieval in different formats and in a variety of languages. AppTek, a natural language processing company, excels in machine translation and information retrieval software with capabilities such as query translation, proper noun detection and text summarization, all in a variety of languages. But as its systems are primarily text-based, AppTek sought a solution that would address speech-based information retrieval as well. Virage and AppTek's combined technologies effectively address this need with tools that recognize, transcribe and search voice content. AppTek enhances its solutions with Virage's voice-recognition software solution, a technology that enables the exploitation and acquisition of foreign-language content.
Virage and AppTek are currently working together on a number of compelling and timely deployments, including the Iraqi Media Network (IMN). In this federally funded project, the IMN plans to use Virage systems, including VS News Monitoring, at Iraqi media outlets to monitor Iraqi news broadcasts in real time. Tracking these news outlets with Virage and AppTekÕs combined technologies will help flag trends in the news, and enable faster transcription and publication of the news on portals for public access.
"We evaluated a number of other vendors, but concluded that Virage's speech technology is truly top of the line in a number of ways," said Mudar Yaghi, CEO of AppTek. "Virage's API is flexible and its graphical user interface is well-developed and comprehensive. Beyond these qualities, AppTek wanted to work with a company that has a proven track record and stellar reputation with government agencies. Virage met this requirement, and continues to prove its worth in not only the government sector, but various other markets."
"Ongoing global issues have brought to light the need to track and exploit information in a number of languages and formats," said Stouffer Egan, CEO of North American Operations, Autonomy. "The combination of Virage's powerful voice recognition technology and AppTek's profoundly precise line of machine translation will positively impact companies' performance in the acquisition of vital information, regardless of the language or format."
For more information about Virage customers, please visit www.virage.com/customers and for information about Virage solutions, such as VS News Monitoring , please visit www.virage.com/technology . For more information about AppTek and its products such as Machine Translation, please visit www.apptek.com.
About Virage
A division 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 450 customers and more than 100 partners. Virage customers include BBC, Cisco Systems, CNN, Empire Blue Cross Blue Shield, Harvard University, NASCAR, Oracle Corporation, Pfizer, the United States Senate, Xerox and many more. For more information, 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 1,000 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, EDS, IBM Global Services, Novell, Novient, Veritas, Vignette, Supportsoft 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 rich media communication and content management 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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