Autonomy Gains Largest Market Share and Revenue Growth in Search and Discovery Market, According to Leading Market Research Firm

Wed Oct 7, 2009 4:00am EDT
 
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Autonomy Gains Largest Market Share and Revenue Growth in Search and Discovery
Market, According to Leading Market Research Firm







CAMBRIDGE, England and SAN FRANCISCO, Oct. 7 /PRNewswire-FirstCall/ -- 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(1)" 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, Nestle, 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.


(1) IDC, Worldwide Search and Discovery Software 2009-2013 Forecast Update and
2008 Vendor Shares, Doc # 219883, October 2009.



    Autonomy Editorial Contacts:
    Randy Cairns                         Assia Svinarova
    Autonomy (US)                        Autonomy (UK)
    +1 408 953 7111                      +44 1223 448000
    randy.cairns@autonomy.com            assias@autonomy.com

    David Vindel                         Edward Bridges
    The Red Consultancy                  Financial Dynamics (UK)
    + 44 207 025 6529                    +44 207 831 3113
    david.vindel@redconsultancy.com      edward.bridges@fd.com







SOURCE  Autonomy Corporation

Randy Cairns of Autonomy (US), +1-408-953-7111, randy.cairns@autonomy.com, or
Assia Svinarova of Autonomy (UK), +44 1223 448000, assias@autonomy.com; or
David Vindel of The Red Consultancy, + 44 207 025 6529,
david.vindel@redconsultancy.com; or Edward Bridges of Financial Dynamics (UK),
+44 207 831 3113, edward.bridges@fd.com

 

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