Consumer Unit Expected to be Listed on London Stock Exchange's AIM Market
Cambridge, UK - 25 April 2007 - Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, today announced that after years of successful research and development it is to demerge its consumer division, which is expected to be floated on the London Stock Exchange's AIM market.
Autonomy's consumer division is formed from Autonomy's research and development related to the application of Autonomy's award-winning IDOL technology to the consumer space, and blinkx. As part of the demerger it will be renamed blinkx, and floated as blinkx plc., following exercise of an option over shares in blinkx, Inc., a privately held company.
Throughout its eleven year history Autonomy has lead the industry in research and development investment and innovation. As part of that investment, Autonomy has dedicated significant resources to consumer applications of its core technology. That technology underlies Blinkx plc, the world's leading video search engine, together with blinkx's investment in adapting this and its own technology for the consumer sector.
The consumer unit, to be listed as Blinkx plc, is to be demerged from Autonomy as blinkx's focus on consumer-directed search services differs from Autonomy's focus on enterprise applications, and as a result the companies address different markets and clients. As an independent company, Blinkx plc will be better positioned to focus its resources on its own client base. In addition, and in connection with its client enhanced focus, the demerger will aid blinkx in continuing to establish its brand and identity.
Commenting on the demerger and blinkx's announcement of its intention to float, Dr. Michael Lynch, CEO of Autonomy said: "Autonomy has invested over $150 million in its core IDOL technology. Recently we have expended further effort in applying our technology to the challenges of the consumer market. Having taken the consumer applications through the development phase and into commercial roll-out, now is the right time to split these activities from our core enterprise software business. They clearly have different market characteristics and funding requirements and we believe that shareholder value can be more quickly advanced as separate entities. I am delighted to be retaining a non-executive role in this business which I believe shows many of the same characteristics and potential as Autonomy in its early days."
Suranga Chandratillake, Chief Executive Officer of blinkx, comments: "I am excited to have access to such an advanced technology portfolio at a time when the ways people use and consume information of all types is changing both rapidly and radically. The development of television, for example, is at a pivotal moment - technologies such as IPTV, on-demand, non-linear, personalization and implicit query are expected to significantly change how consumers interact with content. The first of our many applications of IDOL's unique meaning-based technology addresses this area. Autonomy's technology made it the world leader in the enterprise space, and we believe the same technology arms blinkx for success in this new, complex rich media environment."
The demerger is expected to be effected in a tax efficient manner and will result in the payment of a dividend in specie of Ordinary Shares in Blinkx plc to the shareholders of Autonomy. The demerger will be effected in connection with a flotation of blinkx. As a result of the demerger Autonomy shareholders will continue to hold their shares in Autonomy.
Shares in Blinkx plc are expected to start trading as a separate company in May 2007. After the demerger and any associated offering, Autonomy is expected to hold approximately 10% of Blinkx plc's ordinary shares.
More details regarding blinkx and its business, and the flotation, will be included in separate releases to be issued in due course. The demerger will be subject to, inter alia, tax clearances and other customary conditions. Full details of the blinkx shares will be included in the Admission Document to be published in due course.
Financial Media Contacts:
Analyst and Investor Contacts:
Edward Bridges/Haya Chelhot
Financial Dynamics
+44 (0)20 7831 3113
This announcement does not form part of any offer of securities, or constitute a solicitation of any offer to purchase or subscribe for securities, and any acquisition of or application for shares in the placing should only be made on the basis of information contained in the admission document to be issued in due course in connection with the placing, which admission document will contain certain detailed information about Blinkx plc and its management, as well as financial statements and other financial data. This announcement is not for release, publication or distribution in or into Australia, Canada, the Republic of Ireland, Japan, South Africa or the US.
This announcement does not constitute an offer of securities for sale in the United States of America. Neither this announcement nor any copy of it may be taken or distributed into the United States of America or distributed or published, directly or indirectly, in the United States of America. Any failure to comply with this restriction may constitute a violation of US securities laws. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to or for the benefit of US persons unless they are registered under the Securities Act or pursuant to an available exemption therefrom. No public offering of securities of blinkx is being made in the United States. The placing, if made, will be offered only to non-US persons pursuant to an exemption from registration under Regulation S promulgated under the Securities Act. No money, securities or other consideration is being solicited by this communication or the information contained herein and, if sent in response to this communication or the information contained herein, will not be accepted.
Summary: ...are international. The Challenge Due to physical space and budget limitations, the Graduate Admissions Office (GAO) sought to process an increased numbers of applications with the same number of staff. As a result, the ASU Graduate College implemented separate scan-from-paper and Webbased processes for...
Summary: ...the likelihood that they successfully sell Russell products,” says Gibbons. Phase I of Russell’s syndication model involved the delivery of public content to Northwestern Mutual’s (Russell’s parent company) public site, and to agents’ personalized sites. “Interwoven already enables us to communicate...
Summary: ...for the professional development of judges, and performs other tasks stipulated by law. The Challenge All decisions issued by the Supreme Court were previously available to the public apart from those which were covered by legal exemptions. These were only available as written documents. At the beginning...
Summary: ...we were only able to categorize articles from the main newspapers,” says Christensen. “We simply did not have the time or staff to focus on many of our other publications.” There were also concerns about how InfoMedia’s legacy search tool would do in the face of more content and higher expectations...
Summary: ...role played by e-mail in today’s law frms, and the matter content these messages contain, makes e-mail management a mission-critical capability. WorkSite now provides Hayes Davis with fully integrated, easyto-use functionality for ensuring that e-mails are captured, stored, and managed alongside related...
Summary: ...companies is expected to greatly improve overall employee satisfaction. Faster Problem Resolution The biggest benefit for the Pacific Life IT department is the time that will be saved in resolving issues. “Having to educate two separate companies on integration points between their products—I’ve...
Summary: ...owners throughout the university are empowered to directly contribute to their sites, leveraging Interwoven to maintain consistency in brand, messaging, and content presentation across the University’s numerous Web properties. This early success meant that the web services team could shift its focus...
Summary: ...Aungate Complinet Case Study. The technology was made available to 450 internal users and 1000 global customers. Aungate is now used to index an unrestricted number of documents, including Doc Man sources. The Benefits The end result for the compliance professional is that they will be able to obtain...
Summary: ...Complinet Case Study. The technology was made available to 450 internal users and 1000 global customers. Aungate is now used to index an unrestricted number of documents, including Doc Man sources. The Benefits The end result for the compliance professional is that they will be able to obtain a coherent...
Summary: ...If someone is performing due diligence on a client, we know everything will be kept together in a single client fle—there won’t be any surprises from overlooked or missing content. WorkSite’s e-mail management capabilities eliminate the need for a separate archiving system, putting us in a better...
Summary: ...airports, professional organizations, and relevant European institutions such as NATO and the European Space Agency. While EUROCONTROL has provided a public website since 1995, its evolution through decentralized local initiatives led to an inconsistent online identity and a confusing user experience....
Summary: ...and for nearly two years—combined with the EAS archive server—the database was at a lower storage capacity than prior to archiving. Before ZANTAZ EAS was installed, mailboxes and public folders accounted for 4.5 gigabytes of space on the Exchange database— despite two more years of email, that size...
This is a small selection of the Autonomy case studies available, please visit our publications site at http://publications.autonomy.com/ for more information.
Summary: ...last year's sales, one in Euros and the other in Dollars, with slightly different values due to the latter containing information abouts returned stock, IDOL SPE can automatically detect that both data sets contain the same data, without the need for rules and scripts. Patterns of Usage Users constantly...
Summary: ...during a fight) Cardiff LiquidOffice Mobile is a Native BlackBerry Application that works both when connected or offine 2. Multiple Formats:L iquidOffice is a Web-based system that uses open eForm standards to implement automated electronic forms publishing to HTML for use in any browser or fillable PDF...
Summary: ...deliver, and optimize content. Disconnected silos create additional business costs or extra processes. And mountains of analytic data and no easy ability to execute lead to inefficiencies, or worse, missed opportunities due to lack of agility. With a unique closed-loop analytics integration with WebTrends,...
Summary: ...Notices Are Not Enough: Courts have made it clear that a legal hold notice is not enough. Why Custodian Self Collection is Risky: Self-Collection is rarely systemized, repeatable, or defensible and generally fails to meet Court requirements for legal holds. Automated Preservation and Collection Mitigates...
Summary: ...Autonomy Interwoven® Solution for Law Firms. Staff need not leave their familiar working environment. Because it’s easy to file, even while doing something else, critical content is captured and made available right away. Unlike other document management solutions, WorkSite offers this desktop and...
Summary: ...courts and governmental regulatory bodies are increasingly demanding that businesses store records of web content and information delivered to the public via the web for use in legal and compliance matters. In fact, in 2006, amendments were made to The Federal Rules of Civil Procedure (FRCP), rules governing...
Summary: ...to specify the information they want returned to searchers. Promotion Management is ideal for eCommerce where specific products can be marketed through relevant search results. Rules are defined via a simple three-step process: 1. Create a promotion 2. Associate keywords with the expected user queries...
Summary: ...Autonomy Virage Intelligent Scene Analysis System Product Brief. Autonomy Systems Product Ltd.Brief Intelligent Scene Analysis System World-Leading Intelligent Video Analytics Security is an increasingly vital consideration for private and public bodies alike, yet the pressures of today’s high-risk...
Summary: ...of finding it. Conceptual Search Autonomy Virage IPTV not only offers viewers the ability to search video traditionally via keywords but also provides the capability to carry out conceptual search. More sophisticated users can either search directly by entering a phrase or paragraph, or indirectly by...
Summary: ...Integrated early case assessment and legal hold ensures litigation preparedness and reduces eDiscovery costs • Single Instance Storage of attachments, files and email reduces overall storage volume by 50 to 90 percent • Connection to over 400 repositories including MS Exchange, Lotus Notes and MS...
Summary: ...process. Examples of Autonomy Information Processing Applications: All Sectors Employee on-ramping, new account opening and account management, invoice processing, purchase requisition, expense reports, change orders, sales order management, IT system access and permissions, customer issue reporting,...
This is a small selection of the Autonomy Product Briefs available, please visit our publications site at http://publications.autonomy.com/ for more information.
Summary: ...Integrated early case assessment and legal hold ensures litigation preparedness and reduces eDiscovery costs • Single Instance Storage of attachments, files and email reduces overall storage volume by 50 to 90 percent • Connection to over 400 repositories including MS Exchange, Lotus Notes and MS...
Summary: ...business to instantly receive a high-level view of the entire knowledge base providing a catalyst that enables informed decisions to be made faster. • Automatic clustering of information • Configurable sub-headings • Automatic title generation • Automatic Hyperlinking & Summarization • Configurable...
Summary: ...Autonomy Information Connectivity. Other trademarks are registered trademarks and the properties of their respective owners. Product specifications and features are subject to change without notice. Use of Autonomy software is under license. [AUTN TB] 04.09 Autonomy Inc. One Market, Spear Tower, 19th...
Summary: ...Example Users can submit sample data as input and the system returns references to conceptually related documents. • Refine By Example Based on the results of the natural language retrieval, users can quickly refine their search to precisely focus on the context they require. • Cross-Language Search...
Summary: ...on a Domino Server or Notes Client for new documents to index into Autonomy IDOL server™. It can keep the Notes databases and IDOL server in sync so that deleted files are automatically removed from IDOL server and moved, modified or renamed file references are updated. Requirements Platforms Supported:...
This is a small selection of the Autonomy Technical Briefs available, please visit our publications site at http://publications.autonomy.com/ for more information.
Summary: ...Autonomy Web 2.0 White Paper. For example, Blinkx uses Autonomy to index Internet and video content, and make it searchable by both concept and keyword. Blinkx also uses Autonomy’s Automated Query Guidance tools to cluster query results for easy navigation by sub-topic, and Autonomy’s visualization...
Summary: ...corresponding to two fiduciary duties owed by directors to the company and its shareholders: the duty of care – which focuses on whether the board made a sufficiently informed decision – and the duty of loyalty – which focuses on director conflicts of interest and self-dealing.24 The issue of whether...
Summary: ...in terms of users in a secure environment: • US Dept. of Defense: 2.5 million users • Ericsson: 100,000 users • BAE Systems: 55,000 users In terms of volume of secure documents: • Reuters: 1.3 million stories/day • ChoicePoint: 2.8 billion documents • Blinkx: 4 billion document conceptual...
Summary: ...it inherits that specific policy — as with the fully contained workspaces described above. In short, WorkSite MP transparently defaults to the appropriate security policy, as determined by the business owner, although Workspace and Knowledge Space owners can, of course, change security policies if necessary....
Summary: ...and reduce the need to build delivery applications. Don’t simply focus on how well a vendor supports managing and delivering content to Web sites. Include requirements for supporting other channels, such as wireless or email, and ask to see how content can be managed, or published, as XML. As the Web...
Summary: ...need to report on client satisfaction and treatment outcomes to demonstrate accountability and justify expend-i tures of public healthcare funds. This requires the implementation of sophisticated processes to collect, analyze and report on treatments. In most cases, due to lack of connectivity to electronic...
Summary: ...of vital matter content contained in local e-mail fold- ers remains unsearchable and inaccessible to others in the firm. n Extranet access The Internet has created the expectation of selfservice information access.
...
Summary: ...UK by Geof Neal Litho Limited, Feltham. TW14 0TW (ISO 14001 Acredited). In association with Partners W hen Richard Susskind, IT adviser to the Lord Chief Justice, first conceived of his new book The End of Lawyers? could he have imagined quite the chord the controversial title would strike on publication?...
Summary: ...190 3 IDC Enterprise Disk Storage Consumption Model report, October 2008 3 In the United States, a self-regulatory model may well remain, but regulators no longer believe in its efficacy in the current form.4 In the United Kingdom, the Financial Services Authority (FSA) promulgated a new rule requiring...
Summary: ...Why Introducing eDRM should be addressed as a Strategic Issue. Reduction in Courier, Distribution and Travel Costs Information can be filed electronically or scanned from paper directly into an eDRM from any source or location and can be instantly published or distributed to users. This enables users...
Summary: ...as soon as possible. But be careful that the integration isn’t so tight that exceptions can’t be made. For example, in cases where an organization’s internal retention policies confl ict with the requirements of a lawsuit (e.g. a company has a 90 day retention period but a case is expected to last...
Summary: ...enablers to accompany process and technology redesign if full value is to be realized. Building a degree of comfort with a new technology, not to mention fundamentally changing how work is done and decisions are made, requires a strong focus on organizational alignment. Managers leading this change should...
This is a small selection of the Autonomy White Papers available, please visit our publications site at http://publications.autonomy.com/ for more information.
Related Case Studies
Download PDF Version
Autonomy Releases
