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Virage  (Stock symbol: VRGE ) Acquired by Autonomy (2003 $ 24,800,000)

411 Borel Avenue Suite !00 South
San Mateo, CA 94402
Website Company Summary Management Team

Business description: Virage is a visionary in Rich Media Management technology, developing the world's first technology to automatically capture, encode and index television, video and audio content from any source, dynamically. Best of breed technology developed through extensive research by rich media and infrastructure technology specialists enable organizations to manipulate rich media assets as easily as text. With an extensive customer base including the BBC, CNN, France 2, Boeing, BAE Systems, Daimler Chrysler, New York University, Credit Suisse First Boston, Deutsche Bank, the NBA, the Toronto Police Department, Greenpeace and numerous intelligence and defense agencies, Virage has a long and distinguished history of enabling organizations across all sectors to derive maximum benefit from their multimedia assets automatically and in real-time. In 2003, Virage became part of the Autonomy Group and extended its lead in Rich Media Management technology through the integration of Autonomy's Intelligent Data Operating Layer (IDOL) technology. As a division of the Autonomy Group, Virage has embedded Autonomy's award-winning Intelligent Data Operating Layer (IDOL) within its products and business solutions in order to offer customers unique rich media solutions capable of understanding and leveraging the inherent value of all rich media assets. Autonomy's celebrated IDOL technology provides a platform which extends right across the enterprise and allows organizations to understand all data, including rich media, at the conceptual level. An advanced functionality set including automatic hyperlinking to related content, dynamic clustering, profiling, alerting and categorization provides a full spectrum of options for managing rich media assets. Fully language independent and scalable, Virage supports Rich Media Management in multiple languages in some of the most critical environments in the world.
Customers include: ABC NewsBBCBoeingCanonCBSCNN.comCompaqGeneral ElectricGeneral MotorsKraft FoodsLockheed-MartinLucent TechnologiesMicrosoftMorgan StanleyMotorolaPfizerToshiba;  Bear Stearns;  New York Stock Exchange;  PBS;  Schlumberger;  The Coca Cola Company;  Thomson;  U.S. Senate;  University of Iowa;  YoungAndRubicam
Partners include: AppleAudible MagicAvid TechnologyBlue Coat SystemsCisco SystemseMotionGeneric MediaGrass ValleyIBMIBMInformix SoftwareInterwovenLigosMicrosoftNetAppOptibaseOracleRealNetworksSaba SoftwareSilicon GraphicsSRI InternationalSun MicrosystemsVelaVerityVoleraWebWare;  Anystream;  Avid;  Centra;  Globix;  Telestream;  Viewcast;  Visionics

Rounds: 5
Capital raised: 50.3M
Ownership: Acquired by Autonomy (2003 $ 24,800,000)
Stock Symbol: VRGE
Angels/other VCs: CK Prahalad (University of Michigan)
Corporate investors: Adobe SystemsCNET NetworksReuters Greenhouse Fund;  AltaVisa International;  Compaq

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Record updated: Jun 2006
Sector: Software
Year Founded: 1995
Headcount: 201-300 as of Jul 2002
Rounds: 5
Capital Raised: 50.3M
Ownership: Acquired by Autonomy (2003 $ 24,800,000)
Stock Symbol: VRGE