AUNGATE EXTENDS PRODUCT SUITE WITH 'IJEN MODULE' TO POWER FRAUD ANALYSIS & MONEY LAUNDERING DETECTION
SAN FRANCISCO, CA - April 5th, 2005 - Autonomy Corporation plc (LSE:AU or AUTN:L) today announced that its Aungate division, which has set the de-facto standard for electronic communications management technology powering operations in the world's leading regulators and stock exchanges such as the US SEC and NYSE as well as premier banks and litigation companies, has further extended its Aungate product suite with the addition of the 'Ijen Module' to power fraud analysis and money laundering detection.
Ijen technology was developed by NCorp, a company founded in February 2000 to commercialize technology developed by leading UK Cambridge University researchers in the structured data field. In 2004 NCorp joined the Autonomy group of companies and its powerful Ijen pattern recognition technology - which enables computers to rapidly identify complex patterns in structured data - was integrated into Autonomy's unique Intelligent Data Operating Layer (IDOL), the world's No1 technology for automating unstructured information operations. Ijen dynamically builds an intelligent and sophisticated understanding of the underlying meanings, trends and patterns in structured data sets and provides information to aid decision-making and automate intelligent data classification procedures.
Ijen's successful integration into the Autonomy IDOL platform on which Aungate is founded has already yielded a number of powerful benefits that have now been leveraged into the Aungate product suite. These include a powerful set of real-time analysis operations for banking database systems to automatically and intelligently identify subtle pattern changes in user behavior otherwise hidden and contained within the vast collection of transactional data. Until now, alternative approaches to these tasks have relied on manual legacy technologies, which are difficult to scale and are unable to detect subtle changes in transactional data or perform predicative analytics.
Ian Black, Managing Director of Aungate said "This first application of Aungate's ‘Ijen Module' into the field of fraud analysis and money laundering detection further extends Aungate's unparalleled spectrum of automated real time operations which already includes sampling, detection, discovery, alerting and routing of text, voice and rich media content. No other technology offers such an impressive range of options and the addition of Ijen further strengthens Aungate's leading position in the market."
About Autonomy and Aungate
Autonomy Corporation plc (LSE: AU. or AU.L) 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 comprises more than 16,000 global companies and organizations including, among others, BAE Systems, Ford, Ericsson, Shell, Nestle, AOL, BBC, Reuters, Hutchison 3G, Royal Sun Alliance, Sun Microsystems, Philips, Boeing, Schneider Electric, Coca Cola, GlaxoSmithKline, Citigroup, ABN AMRO, Deutsche Bank, Nomura, the New York Stock Exchange, Daimler Chrysler, Kraft Foods, Lloyds TSB, the U.S. Department of Homeland Security, the U.S. Securities and Exchange Commission, NASA and the U.S. Department of Energy. Strategic reseller and OEM partners include leading companies such as BEA, Business Objects, Citrix, EDS, IBM Global Services, Novell, Veritas, Vignette, Supportsoft and Sybase. The company has offices worldwide.
The Autonomy Group includes: Aungate, a leader in technology for Real-Time Enterprise Governance; Virage, a leading supplier and visionary in Rich Media Management technology; etalk, a leading provider of enterprise-class contact center products, Cardiff, a leader in content capture and business process management solutions, and Ultraseek, a leading provider of business search engine.
Autonomy's Aungate suite of products enables enterprises to achieve Real-Time Enterprise Governance by automatically understanding the content and interrelationships of all enterprise communications including email, voice and Instant Messaging. Aungate's unique technology powers real-time monitoring, alerting, policy management, electronic discovery and enforcement operations while proactively engaging behavioral change processes required to achieve best practice.
Aungate has quickly built a prestigious customer list, including the world's leading regulators and stock exchanges such as the U.S. SEC and NYSE as well as premier banks, litigation management companies and compliance publishers. Aungate's ability to identify both known and unknown relationships in all enterprise communications is premised on Autonomy's distinguished history in the intelligence community which Autonomy has been serving since the company's foundation, culminating in the award of "single supplier" status to the US government. Autonomy's history in the compliance market extends to the company's founding in 1996, and includes serving financial institutions globally.
Autonomy and the Autonomy logo are registered trademarks or trademarks of Autonomy Corporation plc. All other trademarks are the property of their respective owners.
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.
For more information, please contact:
Charlotte Herbert
Autonomy Corporation plc
+44 (0) 1223 448 000
charlotteh@autonomy.com
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