VRGE...might want to look at the deal with INTC,VRGE directors all from SUNW,HWP,Harvard,Stanford...it was just a matter of time before these deals start poppping...3 million float CSBoston
Virage Announces Streaming Media Agreement With Intel(R) Internet Media Services
SAN MATEO, Calif., Aug 30, 2000 /PRNewswire via COMTEX/ -- Virage, Inc. (Nasdaq: VRGE chart, msgs), a leading provider of software products and application services that enable video for the Internet, today announced that Intel(R) Internet Media Services will integrate and resell Virage-branded application services. Intel Internet Media Services will incorporate Virage's SmartEncode(TM) process, and video publishing and syndication services into its global streaming media distribution network.
Also as part of the agreement, Virage has agreed to provide its customers with Intel Internet Media Services' streaming services. Internet Media Services is a global digital network designed from the ground up expressly to stream audio and video. The network will be built around digital broadcast operations centers that feature Intel's network intelligence technology.
Virage's application platform supports large-scale deployment of streaming video and is currently used by more than 150 customers across media & entertainment and enterprise markets. Virage's Internet video solutions, including the Virage SmartEncode process for simultaneous encoding and indexing, editorial services, and application hosting, are cross-platform, integration-ready, and production-proven.
"Offering Virage's application services to our customers enables us to provide a straightforward and cost-effective way to deploy and manage video content on the Internet. More importantly, it enables content owners to drive successful business models on the Web, such as syndication, advertising, community-building and e-commerce," said McGregor Agan, director of marketing for Intel Internet Media Services. "The combination of Virage's application services and Intel Internet Media Services' high-quality delivery solution opens a multitude of new opportunities for using video on the Internet."
"We are excited that Intel Internet Media Services is integrating Virage Application Services into its streaming media services offering," said Paul Lego, chairman and CEO of Virage. "Intel Internet Media Services' distributed network will help us provide our mutual customers with a reliable and scaleable solution for publishing video and audio content on the Web."
About Intel(R) Internet Media Services
Intel(R) Internet Media Services is part of Intel's New Business Group. This group was formed to grow new Internet-related services and products in support of Intel's mission to be the building block supplier to the worldwide Internet economy.
About Virage, Inc.
Headquartered in San Mateo, CA, Virage is a leading provider of software products and application services that enable owners of video content to publish, manage and distribute their video assets over the Internet or corporate intranets. Virage Application Services provide content owners with the complete infrastructure for seamlessly integrating Internet-compliant video into their web sites. Virage VideoLogger(TM) and Video Application Server(TM) software set the standard for real-time indexing, publishing and distribution of video across the Internet and corporate intranets. From ABCNews to Yahoo!, Virage has over 150 customers worldwide in a range of markets including media and entertainment, large enterprise, education, government and Internet destinations. Contact Virage at virage.com or 650-573-3210.
This press release contains "forward looking" statements about the products and services of Virage and Intel Internet Media Services, as that term is used in Section 21E of the Securities Exchange Act of 1934. Phrases such as "will integrate and resell," "will incorporate" and "will be built" denote forward-looking statements. These types of statements address matters that are subject to risks and uncertainties which could cause actual results to differ materially. In addition, our forward-looking statements should be considered in the context of other risk factors discussed in our filings with the Securities and Exchange Commission, including our Registration Statement on Form S-1, as amended, available for viewing on our web site. (To access this information, please click on "Investor Relations," "SEC Filings.")
NOTE: Virage and the Virage logo are registered trademarks and VideoLogger, AudioLogger, Internet Video Guide and Virage Application Services are trademarks of Virage, Inc. Other company product and service names may be trademarks or service marks of others.
Source: Virage, Inc.
Contact:
Jonathan Hirshon of Horizon Communications, 408-969-4888, or
JH@Horizon.com, for Virage, Inc.; or Carlos Montalvo of Virage, Inc.,
650-372-2648, or Carlos@virage.com
URL: virage.com
News provided by |
