Autonomy, the UK provider of search software tools more than doubled their profits in the first 9 months as an increasing number of companies adopted their technology to search and manage unstructured data. Revenues also rose 21% year on year.
The interesting opportunity facing Autonomy is whether they can drive home technology recently developed which allows TV and video clips to be searched and catalogued. This allows bradcasters, content owners and mobile telephone companies to offer on-demand content services over the internet. And boy do they need the help.
Apparently Autonomy recently signed a deal with a European broadcaster. Getting this piece right is not only imperative for Autonomy, but could really help take IP content to the next level. Let,s hope.