H5 TECHNOLOGIES AND ALTAVISTA SOFTWARE COLLABORATE TO DELIVER ADVANCED ENTERPRISE SEARCH SOLUTIONS
H5 Technologies, a developer of intelligent unstructured information processing solutions, and AltaVista Software, a division of AltaVista Company, a majority-owned operating company of CMGI, Inc. (Nasdaq: CMGI), today announced they have entered into a strategic global alliance agreement. Under terms of the agreement, the companies will leverage marketing and technology initiatives while evaluating the development of innovative products that integrate H5 Technologies' patent-pending text analysis and categorization capabilities with AltaVista Software's industry-leading indexing and search functionalities.
SAN FRANCISCO - June 24, 2002 - H5 Technologies, a developer of intelligent unstructured information processing solutions, and AltaVista Software, a division of AltaVista Company, a majority-owned operating company of CMGI, Inc. (Nasdaq: CMGI), today announced they have entered into a strategic global alliance agreement. Under terms of the agreement, the companies will leverage marketing and technology initiatives while evaluating the development of innovative products that integrate H5 Technologies' patent-pending text analysis and categorization capabilities with AltaVista Software's industry-leading indexing and search functionalities.
The integration of AltaVista Software's technology and the H5 Platform will enable efficient, accurate and detailed categorization and indexing of unstructured data found in the enterprise. AltaVista Software teamed up with H5 Technologies after conducting a competitive evaluation among best-of-breed, unstructured-data technologies. By partnering with H5, AltaVista Software reaffirms its commitment to openness and ease of integration for simple and rapid deployment of complementary categorization solutions within heterogeneous environments.
"AltaVista Software's record of excellence stems from the fact that we have always offered the best of cutting-edge search and retrieval technology to our global customer base," said Jim O'Gara, vice president of sales for AltaVista Software. "By combining the technical strengths of AltaVista Software with the natural language understanding and indexing capabilities of the H5 Platform, we will deliver innovative solutions that both address the rigorous information demands of the corporate environment and enhance productivity."
"We are thrilled to have the opportunity to work with AltaVista Software as the company continues to innovate the way the enterprise finds and takes action on business information," said Nicolas Economou, CEO of H5 Technologies. "This is the marriage of wholly complementary technologies, and our partnership will ultimately bring global corporate clients the enhanced solutions they need to efficiently understand and leverage vast amounts of untapped data. This alliance underscores our commitment to provide corporations with truly automated, intelligent text indexing and analysis solutions."
About H5 Technologies
H5 Technologies, Inc., a San Francisco-based technology firm, develops enterprise software that intelligently processes text-based information to streamline real-time business decisions. Employing innovative and patent-pending approaches to both textual analysis and subject-based indexing, H5's proprietary software platform allows organizations to realize the dormant value of textual information. H5 and its partners are developing solutions that leverage the power of the H5 Platform to automate previously manual and costly information processes, thereby accelerating informed decision-making and enhancing the existing enterprise software infrastructure. For more information, visit www.h5technologies.com
About AltaVista Software
AltaVista Software (solutions.altavista.com), a division of AltaVista Company, organizes and turns unstructured data into valuable information for businesses, improves online customer satisfaction and provides a universal view of information across one platform. AltaVista Software's award-winning technology powers more than 600 companies, including Amazon.com, Ariba, Reuters, Buy.com, DaimlerChrysler, Procter & Gamble and Siemens.
About AltaVista Company
AltaVista is a leading global provider of search services and software. The company's patented technology continues to set the pace, making AltaVista a leading search engine among Web users and premier provider of high-powered search software to intranet, enterprise and e-commerce clients around the globe. AltaVista is a majority-owned operating company of CMGI, Inc. (Nasdaq: CMGI). For more information, see www.altavista.com and solutions.altavista.com.
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AltaVista and H5 Technologies are registered trademarks and the H5 Platform is a trademark of H5 Technologies, Inc. Other product names mentioned herein may be trademarks and/or registered trademarks of their respective companies.
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