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.
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