Vienna/Innsbruck, Austria, November 17, 2011: SAIL LABS Technology, one of the world's leading speech technology solution providers, and playence, the leader in contextualized access to multimedia content, today announced a partnership to offer leading edge technology in multimedia information retrieval.

The two companies have signed an OEM (Original Equipment Manufacturer) agreement, whereby playence will be able to integrate SAIL LABS' Media Mining Indexer into playence media and to re-sell it as a bundled solution, thereby expanding the language and service offering.

The Media Mining Indexer is based on automatic speech recognition and indexing technology, developed and owned by SAIL LABS Technology. It enables indexing of live news feeds and multimedia archives, producing annotated text output in real-time for subsequent multimedia search, retrieval and visualization.

"Sail Labs Technology has an excellent professional reputation in the industry and is a recognized leader in the field of multilingual speech technology solutions. This agreement is bringing together a very powerful set of technological, consulting and service expertise in the area of multimedia analysis and indexing services,“said Sinuhe Arroyo, president and CEO of playence. "Not only will this new partnership allow us to expand our array of products and services, it also furthers our objective of helping our customers to translate their information silos into value.“

"I am truly excited about our new partnership with playence", said Adi Schmidthuber, Vice President at Sail Labs. "Playence is a dynamic company and is recognized for its fast market penetration, innovative products, and remarkable progress to date. The partnership with playence is a very important step in extending our network of partners.We look forward to working together on new opportunities in the future and to broaden our worldwide client base in partnership with them.“

playence is a technology solutions provider to businesses and institutions with operations in the UK, Austria, Spain and the US. The company's offering is a Web-based solution for improving information access to multimedia content across the organization. playence's products have direct application in a wide range of verticals and domains, such as Advertising, Marketing, Media, eCommerce, Finance, Insurance, Telco or Biotechnology. More information about playence is available at: http://www.playence.com.

SAIL LABS Technology (‘Speech-Artificial-Intelligence-Language-Laboratories’) is one of the world’s leading innovators in the field of speech technology, creating high-end software for speech and multimedia analysis solutions.
SAIL LABS Technology addresses the high-value speech technology markets of media indexing and media mining. Together with a global network of partners, SAIL LABS provides comprehensive solutions for vertical markets. Continual innovation at the leading edge of linguistic and IT research drives SAIL LABS’ vision of creating technologies that enable advanced language understanding capabilities.
For more information about SAIL LABS Technology, please visit www.sail-technology.com.

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected development, performance or rankings of products or services; statements of expectation or belief; and any statement of assumptions underlying any of the foregoing. playence assumes no obligation and does not intend to update these forward-looking statements.