AUTONOMY ANNOUNCES CHINESE JOINT VENTURE WITH CHINA NETCOM BROADBAND
Joint venture with one of China's largest telecoms will bring next generation technology to rapidly expanding Chinese consumer internet market
Cambridge, England - 18 July 2005 - Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, today announced an agreement to form a joint venture with China Netcom Broadband Corporation Limited ("CNCBB") to bring next generation technology to the rapidly expanding consumer internet market. CNCBB is the largest provider of broadband and fixed line connectivity in Northern China with over 110 million customers or 95% of the market in an area which includes China's capital, Beijing. CNCBB is currently part of the China Netcom Group, one of China's largest telecoms providers, and has entered into an agreement to receive significant investment from PCCW Limited. The new service will bring together Autonomy's enterprise retrieval expertise and newly developed consumer technologies and CNCBB's unmatched reach in the market. blinkx, the integrated search specialist bringing together the desktop, Web and TV, will provide branding to the venture.
"With the rapid growth of the Chinese internet market, with broadband available in over 30 million homes, over 300 million mobile handsets and the volume of available multimedia content increasing at a phenomenal rate, it is clear that the technology leaders with full multimedia search capabilities and local support will be the leaders of the future. Autonomy is proud to bring our experience in the enterprise to the venture and join with CNCBB in offering Chinese consumers a service that is expected to become an integral part of internet users' daily routines," said Mike Lynch, CEO, Autonomy. Dr. Lynch continued, "Autonomy is unique amongst Western enterprise retrieval vendors in having successfully established operations in China as well as other Asian territories over a number of years. Joining with CNCBB enables us to build on this success and take our core technology forward into new high growth markets. This will allow the consumer to access next generation technology features such as implicit query, TV search and Smart folders with a technology capable of more accurately understanding the complexities of the Chinese language than the currently used legacy methods."
The new venture will offer a compelling service to China's relatively open consumer market, bringing next generation search technology to one of the fastest growing markets in the world. The service will allow Chinese consumers to search and access a wealth of multimedia content for the first time. The service has been uniquely designed to cater for second generation Web content such as audio and video material, together with traditional text retrieval. The anticipation around services such as TV over the Internet demonstrates the growing demand for sophisticated technologies that will make multimedia content readily and easily accessible to Chinese users. Building on Autonomy's extensive experience in processing text, voice and video content, blinkx's experience and exposure in the consumer market, together with CNCBB's significant market penetration, the service is set to revolutionize Chinese consumers' online search experiences.
The Board of the Joint Venture will include representatives of CNCBB and Autonomy, as well as Suranga Chandratillake, co-founder of blinkx.
About Autonomy
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 1,000 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 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 includes: Aungate, a leader in technology for Real-Time Enterprise Governance; Audentify, a leading supplier of next-generation contact center technology; Virage, a leading provider of rich media communication and content management software; and etalk, a leading provider of enterprise-class contact center products.
For more information, please contact:
Charlotte Herbert
Autonomy Corporation plc
+44 (0) 1223 448 000
charlotteh@autonomy.com
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