Virage MediaBin centralizes the management of logos, copy, video, images, presentations, and other rich media and digital assets and makes them accessible to geographically dispersed teams. Virage MediaBin is the only commercial digital asset management system designed to work with "original" master assets: it dynamically generates variations or derivatives and delivers them on request. Virage MediaBin uses a patented high-volume media processing engine to render on-demand transformations quickly.There are likely other products on the market that do similar things. You should be able to find other products by searching the literature for MediaBin and then seeing who else is mentioned.
Addendum (2/3/2011): Be sure to read the comment below from Ralph Windsor, who notes that there are other companies that produce similar software and that this software isn't the "only". He suggests looking at the web site http://www.
Every company tried to position their product as the best solution or the only one that can meet your needs. Keep in mind that every company has competition. In fact, for a company to be successful, it needs competition. Competition proves a need in the marketplace. At any rate, I do tend to ignore platitudes in company press releases, but forget that others do not.