FairMarket Selects Verity Knowledge Retrieval for Its Online Auction Sites

Verity K2 Toolkit Offers Rapid, Precise Access to Auction Goods and Services

WOBURN, Mass., and SUNNYVALE, Calif. - 2000-02-23 - Verity, Inc. (Nasdaq: VRTY), a leading provider of enterprise and Internet knowledge retrieval solutions, and FairMarketsm, Inc., a leading provider of online, hosted auction services, today announced that FairMarket has selected Verity's high-performance K2 knowledge retrieval solution to provide search capabilities in AuctionPlacesm, FairMarket's proprietary auction solution. FairMarket currently has relationships with over 90 e-commerce vendors and portal sites, including Microsoft's MSN.com, Excite.com, Lycos, Dell, CompUSA, Outpost.com and TicketMaster Online-CitySearch, among others.

"Supporting the FairMarket Network of auction sites demands a retrieval technology that is scalable, easy to use and has comprehensive search capabilities," said Bob Supnik, vice president of engineering for FairMarket. "As a market leader in scalable knowledge retrieval solutions, Verity was the right choice for the FairMarket Network."

"FairMarket has amassed a wealth of knowledge in auction building and hosting technology through its extensive experience hosting online auctions," said Ronald Weissman, vice president, strategy and corporate marketing at Verity, Inc. "We're proud to be able to contribute our expertise in knowledge retrieval to the FairMarket Network. FairMarket merchants and customers alike will have around-the-clock access to the precise information and products they need, securely and instantaneously."

FairMarket's AuctionPlace is a comprehensive offering that consists of hosting and support services including customer service and 24x7 end user support. Additionally, FairMarket's staff provides marketing assistance and creative services that help to make an online auction successful.

About the Verity K2 Toolkit

Verity K2 Toolkit allows brokered search across multiple servers and multiple CPUs to provide the most relevant search results from many information sources without sacrificing the speed or accuracy of the results displayed. As the number of users, queries, or amount of data increases, K2 applications can keep pace with increased demands by adding new CPUs or servers to the network without bringing down the application. Providing 24x7 fault tolerant operations, the Verity K2 Toolkit isolates failures of individual nodes or servers from the rest of the system, ensuring that applications are available when they are needed.

The Verity K2 Toolkit also supports Active Server Pages/COM and Java™, allowing easy integration across a wide range of application servers and Java environments, including Microsoft IIS/Site Server, Weblogic, iPlanet, Websphere, Java Server Pages, and Apache with JServ. With Industry-standard C language and Perl APIs, Verity's K2 Toolkit helps speed application deployment and gives corporate accounts added flexibility in application development, especially for e-commerce and business-to-business application solutions.

About FairMarket

FairMarket Inc., provides online, hosted auction services and other networked market-pricing solutions. The FairMarket Networksm includes some of the leading portals and vendors on the Web. AuctionPlace is a comprehensive, outsourced, private-label solution that helps companies expand distribution and create a new online profit center. FairMarket was founded in 1997, and its corporate headquarters are located in Woburn, Mass. The company can be reached at (800) 531-7871 or via the Web at http://www.fairmarket.com/.

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.

This press release contains forward-looking statements relating to Verity and the expected performance of its Verity K2 Toolkit product. 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.

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.

Kathy Kale

Verity, Inc.

408-542-2379

Suzanne Marcarelli

LNS Communications for Fairmarket

617-577-9777

smarcarelli@LNScom.com

Lisa Dabbon,

FairMarket, Inc.

781-376-5812

lisa.dabbon@fairmarket.com

Forthcoming Events

Archived Events

Power Webinar

Engage Customers and Drive Conversions Like Never Before Status: Archived Webinar Event Relevance: 21.37% Register Today!

Power Webinar

Drinking From the Social Media Fire Hose Status: Archived Webinar Event Relevance: 21.36% Register Today!

This is a selection of our forthcoming events, please visit our seminars page for more information.

Automatic Hyperlinks provided by IDOL Server 7

Association for Computing Machinery Case Study - Information Technology Research Library Location: /Power/Case Studies/Manufacturing Date: 2008/3/14 Relevance: 30.80% Summary: ...fast. IDOL K2’s brokered architecture ensures optimal performance—even during peak usage times, whereas ACM’s legacy search software could handle only limited traffic. “The difference with K2 is like night and day,” Graves says. “The ACM Portal currently hosts 1500 to 2000 sessions at peak... Click here to download this PDF

Harrah's Entertainment - Case Study Location: /Promote/Case Studies/Travel and Leisure Date: 2011/11/4 Relevance: 29.72% Summary: ...with Distributed Authorship The Harrah’s direct mail creative brand portal now serves all 12 of the company’s brands. Corporate, property, and agency personnel can easily access centrally controlled and managed creative guidelines, corresponding art element toolkits, photos, production guidelines,... Click here to download this PDF

Case Study: American Red Cross Location: /Power/Case Studies/Financial Services Date: 2008/4/8 Relevance: 29.17% Summary: ...the speed with which the organization can respond to disaster inquiries. Case Study American Red Cross Industry: Non-profit Application: User surveys Challenge: Real time access to data to relay disaster information about individuals involved in disasters Solution: Cardiff TeleForm Results: Real time... Click here to download this PDF

This is a small selection of the Autonomy case studies available, please visit our publications site at http://publications.autonomy.com/ for more information.

Automatic Hyperlinks provided by IDOL Server 7