The 2006 Frost & Sullivan Award for Excellence in Technology for its outstanding efforts in developing an advanced suite of video surveillance software.
Virage has successfully developed a complete surveillance solution by bringing together complimentary technologies from multimedia, security and infrastructure specialists. The company has not only developed a next-generation range of stand-alone surveillance products but a centralized security platform which automates the capture and analysis of all forms of data and conceptually cross-references information to discover trends and deliver targeted, real-time alerts to security officers.
Frost & Sullivan's award recognizes that combining these technologies has been pivotal for the development of high-performance advanced recording and data processing software, which forms the backbone of video surveillance systems and has the potential to bring about significant improvements in analysis time and quality.
"With its suite of powerful technologies, Virage is able to meet a wide range of security and surveillance applications ranging from highly complex command and control center deployments to small-scale security functions," says Frost & Sullivan research analyst Ashwini Meena. "The application areas for Virage's advanced solutions range include highly demanding security scenarios such as government buildings, border controls, airports, seaports, transport networks, and metropolitan centers."
Virage's strong intellectual property base in surveillance domain technology is evident in its substantial portfolio of surveillance solutions, covering diverse segments such as electronic point-of-sale monitoring (EPOS), digital/network video recording, intelligent scene analysis, automatic license plate recognition (ALPR), and container surveillance and management. Each application can be deployed individually to meet a specific requirement, or can be seamlessly integrated with Virage's unique Command and Control platform to create a centralized, automated security infrastructure.
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), a sophisticated platform for processing unstructured information. The acquisition of Neurodynamics followed in 2005 and enabled the company to fully integrate advanced recognition systems with the Virage product range.
This combination of technologies has made it possible to add significant intelligence to surveillance systems by enabling conceptual and contextual analysis of data whatever its format. Moreover, it provides a vast functionality set to harness the value of information, such as automatic hyperlinking to relevant content, clustering, profiling and alerting.
"Virage's strong commitment to R&D, and in particular, its outstanding level of technology development has the potential to make a significant impact on the performance levels of various security and surveillance applications," notes Meena. "As the surveillance industry moves toward more advanced, integrated intelligence, processing power and image analysis, technological solutions such as Virage's will become even more valuable."
Each year Frost & Sullivan presents this Award to the company that has pioneered the development and introduction of an innovative technology; a technology that has either impacted or has the potential to impact several market sectors. The Award recognizes a company's successful technology development that is expected to bring significant contributions to the industry in terms of adoption, change, and competitive posture.
About Virage, Inc.
Virage is the world leader in Rich Media Management software and Intelligent Video Analytics. Bringing together complementary technologies from multimedia, security, and infrastructure specialists, Virage offers an unrivalled product set capable of television, video, audio, and CCTV challenges of any kind. From making television content fully searchable and accessible via IPTV to supplying and managing complex security systems, Virage has unrivalled experience and expertise.
Virage has operations worldwide and continues to expand into new and emerging markets. Sustained investment in research and development keeps Virage at the forefront of intelligent video processing and enables the company to deliver innovative products to customers worldwide. 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, 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 and intelligence assets automatically and in realtime.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.