VIRAGE TO UNVEIL NEXT-GENERATION IP TV SOLUTION AT NAB 2005
Virage to Offer a Live Demonstration of the World's First Automatic Technology Enabling Real-Time Personalized Television
SAN FRANCISCO, CA - April 18th, 2005 - Virage, a wholly owned subsidiary of Autonomy Corporation plc (LSE: "AU" or AUTN:L.) and a leading provider of rich media communication and content management software, today announced that it will unveil a suite of new products aimed at the Internet Protocol Television (IP TV) market at NAB 2005. Virage IP TV supports the delivery of video on demand and brings the power of Autonomy's award-winning enterprise technology to television, video and audio assets across the Internet. The new Virage IP TV Suite allows the automatic processing and retrieval of television, video and audio content, from any source including over-the-air broadcasts and free internet content, and has already been successfully implemented by internet search specialist Blinkx in their internet TV service at http://www.blinkx.tv/. Virage will demonstrate this solution at their booth, SL4934 at the Las Vegas Convention Center.
Based on Autonomy's IDOL technology, the Virage IP TV Suite is the world's first technology to make TV and other multimedia content automatically manageable and fully searchable in real time. Autonomy can automatically capture and index the entire video stream directly from the television, allowing content consumers to immediately locate specific clips and identify the exact content they wish to watch or listen to. This ground-breaking technology offers broadcasters the ability to deliver their content directly to content consumers with maximum flexibility at minimal cost of ownership, and offers content consumers the unprecedented freedom to create their "own" TV, allowing them to pick and mix clips as they please and eliminate material that is not of interest to them.
Autonomy's IDOL technology understands the content of all aggregated material, not simply keywords, and is therefore able locate the multimedia content that is of relevance for an individual user with the greatest accuracy. Leveraging this intelligent capability, Virage IP TV Suite also can automatically identify and instantly alerts consumers to related content in the media as it appears, keeping them constantly informed and ahead of the latest developments. All collated material - whether TV, audio or video content - can then be automatically clustered and organized for effortless retrieval and convenient use.
Dr. Mike Lynch, group CEO of Autonomy commented, "This product enables IP TV providers to offer today's consumers with an easier way of finding video and audio content. For the content provider, Virage IP TV Suite offers an automatic and cost-effective production and distribution platform. With Autonomy's IDOL IPTV Suite we have entered the next logical step in innovation, applying Autonomy's capabilities to Internet TV and video, offering broadcasters the platform to provide consumers with a revolutionary opportunity to reject their role as a merely passive audience and create their own interactive TV."
Autonomy's unique Intelligent Data Operating Layer (IDOL) 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. Autonomy's technology also drives collaboration across the enterprise and enables organizations to effectively leverage expertise. Autonomy's infrastructure technology is used to automate operations within enterprise information portals, customer relationship management, knowledge management, business intelligence and e-business applications, among others.
About Virage
A wholly owned subsidiary of Autonomy Corporation plc (LSE: AU or AUTN:L), 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 Cisco Systems, Empire Blue Cross Blue Shield, Harvard University, NASCAR, Oracle Corporation, Pfizer, the United States Senate, Xerox and many more. Headquartered in San Francisco, 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 (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, Computer Associates, 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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