AUTONOMY GAINS LARGEST MARKET SHARE AND REVENUE GROWTH IN SEARCH AND DISCOVERY MARKET, ACCORDING TO LEADING MARKET RESEARCH FIRM
Cambridge, UK and SAN FRANCISCO - Oct. 7, 2009 - In a recently issued assessment of the search and discovery technologies market, IDC, a leading research and strategy firm, reported that Autonomy Corporation plc (LSE: AU. or AU.L) gained the largest revenue share in the worldwide search and discovery market in 2008. The analyst firm also recognized Autonomy as the fastest growing of the leading vendors in the report with 17.6 percent growth from 2007 to 2008.
The IDC report, authored by Sue Feldman, vice president for search and discovery technologies research, titled "Worldwide Search and Discovery Software, 2009 - 2013 Forecast Update and 2008 Vendor Shares" found that Autonomy increased its market share lead to 14.4% in 2008. The report also states that the search and discovery software market grew 19 percent in 2008 to $2.1 billion, which still outperformed the software market and the economy as a whole.
"(Autonomy) was unique in its early recognition that a search-based architecture, combined with content management, text analytics, archiving, records management, rich media understanding, workflow, and easy-to-use visualizations could create compelling tools to solve a broad swath of current business problems. We can no longer consider Autonomy to be a pure-play search vendor. It has diversified to become a search-based software vendor. A true picture of Autonomy's market position must include the compliance infrastructure, eDiscovery, process automation middleware, archiving, and content management software markets as well," said Feldman.
The report found that "search-based applications, built on a search backbone, but designed to facilitate a particular task and to create an integrated work environment for users, will proliferate and flourish. Because they make sense to business users, they are already popular. Search-based applications streamline knowledge work, making information workers more productive. Search-based applications embed search and discovery technologies as a component, but their selling point is that a worker can sit down and accomplish a job without having to move from one information source to another, or from one application to the next. Successful vendors will build intuitive applications to facilitate sales, research, loan processing, marketing, financial analysis, eDiscovery, or call centers. These full-blown applications will develop integrated work environments in which the UI design hides the complexity of multiple information sources and applications. These applications embed knowledge bases, rule bases, analytics, workflow, collaborative tools, and connectors to internal and external sources of information."
"We're really pleased to see our dominance in the search and discovery market, as recognized by IDC," said Mike Lynch, CEO of Autonomy. "This rapid growth is testament to the power of Autonomy's meaning based technologies that are revolutionizing the way organizations manage their information."
Autonomy's pan-enterprise search platform, IDOL, performs conceptual and contextual analysis and probability matching on information to find the meaning within and the inter-relationships between and among disparate pieces of content. This unique approach allows global organizations to find and access the most pertinent content for business value or risk management, irrespective of languages, operating systems, and file types. By supporting more than 1,000 different data formats, including structured, semi-structured, and unstructured data, located across 400 different content repositories, Autonomy can search all categories of information repositories in an organization, enabling companies to maintain compliance with government regulations, such as the Federal Rules of Civil Procedure (FRCP). IDOL is fault-tolerant using load balancing and mirroring, highly scalable, secure, and has sub-second performance on billions of files.
About Autonomy
Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, spearheads the Meaning Based Computing movement. It was recently ranked by IDC as the clear leader in enterprise search revenues, with market share nearly double that of its nearest competitor. Autonomy's technology allows computers to harness the full richness of human information, forming a conceptual and contextual understanding of any piece of electronic data, including unstructured information, such as text, email, web pages, voice, or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including pan-enterprise search, customer interaction solutions, information governance, end-to-end eDiscovery, records management, archiving, business process management, web content management, web optimization, rich media management and video and audio analysis.
Autonomy's customer base is comprised of more than 20,000 global companies, law firms and federal agencies including: AOL, BAE Systems, BBC, Bloomberg, Boeing, Citigroup, Coca Cola, Daimler AG, Deutsche Bank, DLA Piper, Ericsson, FedEx, Ford, GlaxoSmithKline, Lloyds TSB, NASA, Nestlé, the New York Stock Exchange, Reuters, Shell, Tesco, T-Mobile, the U.S. Department of Energy, the U.S. Department of Homeland Security and the U.S. Securities and Exchange Commission. More than 400 companies OEM Autonomy technology, including Symantec, Citrix, HP, Novell, Oracle, Sybase and TIBCO. The company has offices worldwide. Please visit www.autonomy.com to find out more.
Autonomy and the Autonomy logo are registered trademarks or trademarks of Autonomy Corporation plc. All other trademarks are the property of their respective owners.
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