Belgium's Fortis Bank Selects Convera to Power Secure Section of Corporate Intranet.Business Editors/Hi-Tech Writers VIENNA, Va.--(BUSINESS WIRE)--Nov. 4, 2002 Convera (Nasdaq:CNVR CNVR Conveyor ) today announced that Fortis Bank, part of Fortis, an international financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. provider active in the fields of insurance, banking and investment, is using Convera's RetrievalWare(R) to more effectively search and retrieve over 400,000 multilingual documents archived in a password-protected section of the bank's corporate intranet. More than 250 employees in the bank's Belgium headquarters use RetrievalWare to search for and access up-to-the-minute financial, political and economic data culled from dozens of sources, including newspapers, internal memos, magazines and the Internet. RetrievalWare also enables the bank's Information Services See Information Systems. team to set up personal profiles so that news and information is delivered in a timely manner. For example, staff monitoring particular companies or aspects of the Benelux economy now are alerted via email as soon as a new document is posted that is relevant to their interests. The software delivers a list of new titles each morning that match a user's profile, with links to the full documents. Users can quickly modify or update profiles using the intranet, making the system particularly valuable. Prior to the installation of RetrievalWare, as Fortis expanded in Europe, Asia and beyond, the sharing of information became nearly impossible given the varying network operating systems An operating system that is designed for network use. Normally, it is a complete operating system with file, task and job management; however, with some earlier products, it was a separate component that ran under the OS; for example, LAN Server required OS/2, and LANtastic required DOS. and languages used throughout the company. Even local offices in Belgium used a combination of French and Flemish. Fortis Bank believes that RetrievalWare has dramatically cut costs as staff now can retrieve multilingual financial news and documents directly from their desktops, as well as receive news relevant to their personal profiles. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. bank officials, the system has been a dramatic improvement and the results so impressive that RetrievalWare has now been rolled out to the bank's legal department. About Fortis Bank Fortis Bank is part of Fortis, an international financial services provider active in the fields of insurance, banking and investment. With a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 28 billion and around 67,000 employees, Fortis ranks in the top 30 of European financial institutions. It is listed on the exchanges of Amsterdam, Brussels and Luxembourg and has a sponsored ADR Sponsored ADR An ADR which is issued in co-operation with the underlying foreign company whose equity shares will underly the ADR shares. With the corporation's sponsorship, the ADRs created in the issue usually afford their owners the same rights normally given to stockholders, programme in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . About Convera's RetrievalWare RetrievalWare is a high-performance multimedia, cross- and multi-lingual search system that allows broad flexibility and scalability for implementation across corporate intranets and extranets. RetrievalWare enables users to index and search a wide range of distributed information resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. , including text, video, image and audio files, HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. , XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. , over 200 proprietary document formats (such as word processors and publishing systems), relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. tables, document management systems, and groupware repositories. Advanced search capabilities include concept and keyword searching, pattern searching, and query-by-example. RetrievalWare excels in distributed client/server environments with thousands of users, documents, images, and/or multiple media assets. About Convera Convera is a leading provider of mission-critical enterprise search, retrieval and categorization solutions. Convera's RetrievalWare(R) solutions maximize return on investment in vast stores of unstructured information by providing highly scalable, fast, accurate and secure search across more than 200 forms of text, video, image and audio information, in more than 45 languages. More than 750 customers in over 29 countries rely on Convera's search solutions to power a broad range of mission-critical applications including enterprise portals, knowledge management, intelligence gathering, profiling, corporate policy compliance, regulatory compliance, customer service and more. For more information, contact Convera at 800-788-7758, via e-mail at info@convera.com or on the Web at www.convera.com. This release, including any statements from Convera personnel, contains statements about Convera's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; continued success in technological advances; possible disruption in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's SEC reports. Actual results may differ materially from our expectations as the result of these and other important factors relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Convera's business and product development efforts, which are further described in Convera's filings with the Securities and Exchange Commission. These filings can be obtained from the SEC's website located at www.sec.gov. Any forward-looking statements are based on information available to Convera on the date of this release, and Convera assumes no obligation to update such statements. The Convera design logo and the following are worldwide trademarks of Convera: Convera(TM), RetrievalWare(R), and Screening Room(R). The names of actual companies and products mentioned herein may be the trademarks of their respective owners. |
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