NEWLY ANNOUNCED AUNGATE, COMPLINET PARTNERSHIP TO DELIVER WORLD'S FIRST AUTOMATED COMPLIANCE INFORMATION PLATFORM
Cambridge, England - 27 APRIL, 2005 - Aungate, a division of Autonomy Corporation plc (LSE: AU. or AUTN.L) and a global leader in infrastructure software for the enterprise, today announced a new partnership with Complinet, the market-leading publisher of regulatory information and provider of compliance services to the international financial services industry. Complinet and Aungate will now join forces to provide a solution that will revolutionize the process of automating compliance information within the financial services industry.
A major challenge faced by financial services firms in today's stringent regulatory environment is to ensure that all employees, and particularly legal and compliance staff, are fully up to date on all the latest regulatory information. Today over 1,000 financial services firms around the globe rely on Complinet to provide them with the very latest regulatory information. However, they also have rich collections of valuable information within the enterprise stored in policy manuals, documents and e-mails. Very often this information is difficult to locate, is stored on a variety of different systems, in various formats, and individuals within an organisation are not even aware of its existence. By employing a tailored implementation of the Aungate software provided under this alliance, firms will now be able to access all this internal content and combine it with the high quality content feeds from Complinet within one seamless environment.
The end result for the compliance professional is that they will be able to obtain a coherent and comprehensive view of all matters relating to any chosen topic. When dealing with a compliance issue they will not only have complete access to the latest regulations and best practice advice but will also be able to cross-reference this with the internal policies and uncover, often hidden, stores of unstructured information contained in documents around the company network.
By using the inherent intelligence of the Autonomy IDOL software and the structured content taxonomies provided by Complinet, compliance professionals are able to organize their internal information against key regulatory concepts - providing structure and intelligence to previously unstructured information. It will also allow companies to automate the process of managing the flows of compliance information throughout their business - receiving alerts when regulations change, helping them to manage and update their internal policies and giving them an understanding of where in the organization valuable information is held.
Ian Black, Managing Director of Aungate said "Aungate is the de facto standard for powering compliance, monitoring and enforcement operations, and deployed inside the world's leading regulators and stock exchanges such as the US SEC and NYSE, as well as global banks and litigation companies, underlines the significant value of automation. We are proud to work with Complinet to further extend value to the enterprise by automating an end-to-end compliance process that significantly reduces burdensome manual tasks and compliance risks. Our joint offering will also provide Compliance officers for the first time with the Automated Intelligent Management (AIM) of policies and procedures. This further strengthens Aungate's position as the world's only automated compliance solution for the intelligent and automated monitoring of text, email and voice content."
Nick Roberts, North American CEO of Complinet said "For years our clients have relied on us to provide them with the highest quality structured compliance information. By joining forces with Aungate we are now delighted to be able to offer clients the ability to use this content and combine it with their own in a way that has never been possible before. We firmly believe that by implementing this solution our clients will reduce costs and greatly improve efficiency."
About Complinet
Complinet is a leading provider of business critical compliance information and software solutions to the global financial services industry. Combining expert content with leading edge technology, Complinet's unique range of products and services provides invaluable tools and information essential to meeting the burden of daily regulatory responsibilities. Each day thousands of compliance and anti-money laundering professionals log in to get a complete overview of regulatory developments and breaking news across the industry. They can also gain instant access to regulatory updates and rulebooks from the NASD, NYSE and other regulators around the world.
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.
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