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Computer Sciences Corporation and Verity Announce Strategic Alliance
CSC Chooses Verity as Foundation for its Sources Knowledge Base; Agrees to Resell Verity's Award-Winning Product Suite
EL SEGUNDO, Calif., - 2000-01-31 - Computer Sciences Corporation (NYSE: CSC) and Verity, Inc. (Nasdaq: VRTY), a leading provider of enterprise and Internet knowledge retrieval solutions, today announced a strategic alliance to deliver advanced portal and knowledge retrieval solutions to CSC's employees and its customers.
As part of the alliance, CSC has selected Verity as the foundation for its Sources Knowledge Portal and has agreed to resell Verity's award-winning product suite. At CSC, mission-critical information is found in the company's robust Sources knowledge base, which includes summaries of leading business practices and client proposals. CSC selected Verity's technology to maximize internal information sharing and enable employee navigation of CSC's vast knowledge resources. It is also deploying Verity technology in a new Knowledge Management Lab at its Falls Church, Virginia location.
"We chose Verity's solution because it allows us to take a managed approach to dealing with our extensive knowledge base," said Carol Bothwell, CSC's chief knowledge officer. "With Verity, we're able to store knowledge throughout the company while managing that knowledge from a central site. This enables our employees to access all of our knowledge repositories via a universal user interface.
"CSC also chose Verity's solution in establishing a Knowledge Solutions Lab where we can exchange and share the best ideas, technology and innovations with our clients and alliance partners," Bothwell added. "The lab demonstrates CSC's and Verity's capability in emerging knowledge management technologies and how it's applied in global knowledge management solutions."
CSC and Verity also intend to work closely to assist customers whose enterprise computing needs require both a top-tier solutions provider and an advanced knowledge retrieval solution. Verity offers a suite of easy-to-use products that provide an automated and secure way for IS administrators to organize, build and centrally maintain indices of documents stored on Web and file servers. The products also enable retrospective search and ad hoc queries of any Verity collection, as well as one-button domain indexing.
"As one of the world's preeminent providers of enterprise I/T solutions, CSC is an important partner for Verity," said Ronald Weissman, vice president, Strategy and Corporate Marketing at Verity, Inc. "CSC's internal commitment to Verity technology and the proven success it has already had implementing our solutions for Global 2000 customers is a testament to their expertise and our market leadership position in knowledge retrieval."
About Verity
Verity is a leading provider of knowledge retrieval solutions. Verity's product suite powers corporate portals, e-commerce sites, online publishing and media sites, customer care applications, and products from market-leading OEMs and ISVs. Verity solutions simplify the management and use of information by indexing, classifying, organizing, searching and retrieving data, as well as providing personalized information delivery and hybrid online and CD publishing.
Verity's products are used by more than 1,000 corporations, e-commerce sites, government agencies, on-line service providers, Internet publishers and software developers worldwide. Verity alliances include Adobe Systems, AT&T, CDNOW, CNET, Cisco, Compaq, Dow Jones, Easy Software, EarthWeb, Ernst & Young, Financial Times, Globe and Mail, IBM, MD Consult, NewsEdge Corporation, Informix, Lotus, NEC, SAP, Siemens, Snap.com, Sybase, Tandem and Time New Media. For more information, contact Verity at info@verity.com, www.verity.com or (408) 541-1500.
This press release contains forward-looking statements relating to Verity and the expected performance of Verity products and benefits to be received from the Verity/CSC relationship. Actual results are subject to risks and uncertainties. Risks relating to Verity and its products are set forth in its Form 10-K and other reports filed with the Securities and Exchange Commission.
About CSC
Computer Sciences Corporation helps clients in industry and government use information technology to achieve to achieve strategic and operational objectives. With 52,000 employees in more than 700 offices worldwide, the company tailors solutions from a broad suite of integrated service and technology offerings, including e-business strategies and technologies; management and I/T consulting; systems development and integration; application software; and I/T and business process outsourcing.
Since its formation in 1959, CSC has been known for its flexibility in its relationships with clients. Through numerous agreements with hardware and software technology firms, the company is able to identify and manage solutions specifically tailored to each client's needs. CSC had revenues of $8.2 billion for the twelve months ended October 1, 1999. Its headquarters are in El Segundo, California. For more information, visit the company's web site at www.csc.com.
For more information, contact Verity at info@verity.com or at World Wide Web site http://www.verity.com or call 408-541-1500.
Verity and the Verity logo are registered trademarks or trademarks of Verity, Inc.
Kristi Hughes
Manager, Marketing & Communications
Corporate Knowledge Program
Computer Sciences Corporation
703.641.2279
Frank Pollare
Director, Public Information
Corporate
Computer Sciences Corporation
310.615.1601
fpollare@csc.com
Kathy Kale
Verity, Inc.
408-542-2379
kkale@verity.com
http://www.verity.com
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