Verity Names Dr. Prabhakar Raghavan Chief Scientist and Vice President of Emerging Technologies
Verity Builds Momentum; Continues to Strengthen Management Team with World-Class Talent
SUNNYVALE, Calif. - 2000-04-25 - Verity, Inc. (NASDAQ: VRTY), a leading provider of enterprise and Internet knowledge retrieval solutions, today announced the appointment of Dr. Prabhakar Raghavan to the newly created position of chief scientist and vice president of emerging technologies. Raghavan joins Dr. Ashok Chandra, senior vice president of development and new business activities as the second IBM veteran to join Verity's management team recently. These announcements highlight Verity's continued momentum in building a management team focused on accelerating Verity's market and technology leadership by providing leading-edge solutions for enterprise portals, e-commerce and e-publishing.
Most recently the head of the Computer Science Principles department at IBM's Almaden Research Center (San Jose, CA), Dr. Raghavan brings 14 years of extensive experience in creating innovative technologies in Web, security and cryptography, and storage architecture. Reporting to Dr. Chandra, Dr. Raghavan has responsibility for leading the development and communication of Verity's technology vision, strategy and roadmap.
"I'm very excited to be joining a company that's such a perfect fit with my technical interests," said Raghavan. "Verity offers an excellent opportunity to rapidly turn cutting-edge ideas into powerful applications for its blue-chip customers. I believe we're poised to change the landscape of the information industry."
Verity solutions power corporate portals, e-commerce sites, online publishing and media sites, customer care applications, and products from market-leading OEMs and ISVs. Verity simplifies 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.
"As a true visionary and a leading authority on knowledge management and Web search and mining, Prabhakar has unparalleled technology insight and expertise directly relevant to Verity's core market segments," said Anthony J. Bettencourt, Verity's president. "His strong combination of management, research and advisory experience provide the ideal mix needed to help take Verity to the next level."
"We believe Prabhakar will be a terrific fit with our core strengths, our management team and our company," said Gary J. Sbona, Verity's chairman and chief executive officer. "We feel very fortunate to have someone with his proven performance establishing our strategic technology direction and ensuring our continued technology leadership."
Prior to joining Verity, Dr. Raghavan headed the Computer Science Principles (CSP) department at IBM's Almaden Research Center. Under Raghavan's leadership, CSP achieved global recognition for its application of fundamental ideas in creating new technologies for the Web, security and cryptography, and storage architecture. Raghavan also led IBM's Clever project on Web search and mining, highly touted in the press and scientific literature for its influential ideas in Web information and community discovery. He also worked at IBM's T.J. Watson Research Center.
Dr. Raghavan is Consulting Professor of Computer Science at Stanford University, and has also taught at Yale. He has authored over 80 papers in various fields including algorithms, optimization, Web search and databases, a recent article on Web Search in Scientific American, a popular textbook on Randomized Algorithms, and several patents. He serves on the editorial boards of several prestigious scientific journals including the Journal of the ACM and the SIAM Journal on Computing, on the external advisory boards of leading universities, on National Science Foundation panels, and on the executive board of ACM's Special Interest Group on Algorithms and Computation. He is a frequent speaker at conferences and technical events, and will give the plenary talk at the prestigious ACM SIGMOD Symposium on Principles of Database Systems, May 2000 in Dallas, where he is also co-winner of the Best Paper prize for his work on privacy in databases. Dr. Raghavan holds a PhD from the University of California at Berkeley and an undergraduate degree in electrical engineering from IIT in Madras.
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 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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