IDOL/K2 Integration Already Completed with Function for Function Compatibility Safeguarding Investments of Verity Installed Base
Cambridge, England - December 29, 2005 - Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software, today announced that it has completed the acquisition of Verity, Inc., a leading provider of business search and process management software.
Dr. Michael Lynch, group CEO of Autonomy said, "We are very pleased to announce completion of the acquisition of Verity, which will further extend Autonomy's IDOL platform as the key infrastructure for the automated management of all forms of unstructured information." Dr. Lynch continued, "We've previously announced the completion of the integration of IDOL and K2, safeguarding the investment of the Verity installed base and offering continued support, enhancement and accelerated future development of Verity products. With the addition of Verity to the Autonomy group and the successful integration, Autonomy is positioned to begin 2006 as the acknowledged, unmatched industry leader."
On November 4, 2005, Autonomy and Verity announced that they had entered into a definitive merger agreement for Autonomy to acquire Verity for $13.50 per share.
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 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 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; Virage, a leading provider of rich media communication and content management software, and etalk, a leading provider of enterprise-class contact center products.
About Verity
Verity provides business search and process management software that more than 15,000 organizations rely on to gain greater visibility to and value from their people, processes and information. Verity business search solutions provide unified results from multiple, simultaneous searches across targeted sources from the desktop to the enterprise. Verity Search, built to perform in a business environment, is tunable to relevance needs in a secure and compliant way.
Verity process management solutions bring together and automate paper-and digital-driven processes so organizations can bridge the gaps between their people, paper and systems and perform more efficiently. Verity technologies are also embedded as core components of more than 260 OEM applications from leading independent software vendors. Around the world, our customers include companies of all sizes, from small and mid-size businesses to the Global 2000, as well as public sector organizations. Corporate customers include ABB, AT&T, AXA, Bristol-Myers Squibb, Capgemini, Capital One, Cisco, Deloitte Consulting, EDGAR Online, Ford, GMAC, Hewlett-Packard, Kaiser Permanente, Mayo Foundation, PricewaterhouseCoopers, UBS and Verizon. In the public sector, customers come from all levels and branches of government, including the U.S. General Services Administration, the U.S. Department of Defense, including the armed forces units, and the U.S. Departments of Energy and Justice. Independent software vendors that integrate Verity technology include EMC Documentum, FileNet, Lotus, Oracle, Stellent, TIBCO and Xerox DocuShare.
Autonomy Financial Media Contacts:
Autonomy Analyst and Investor Contacts:
Edward Bridges
Financial Dynamics
+44 (0)20 7831 3113
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