Strategy.com Selects Verity For Intelligent Organization Of News Stories
Verity Products Enable Strategy.com News to Deliver the News Consumers Want, When They Need It
SUNNYVALE, Calif. - 2000-05-04 - Verity, Inc. (Nasdaq: VRTY), a leading provider of enterprise and Internet knowledge retrieval solutions, today announced that Strategy.com™, the world's first Personal Intelligence Network™, has selected Verity to provide advanced organization and knowledge retrieval functionality for its newest channel, Strategy.com News™. Strategy.com is a wholly-owned subsidiary of MicroStrategy Incorporated (Nasdaq: MSTR).
The Strategy.com Network delivers personalized information to users anytime, anywhere via web, wireless and voice. Using Verity's products, including Verity Information Server, Verity Profiler and the Verity Developer Toolkit, Strategy.com can automatically organize the thousands of news stories that feed Strategy.com News on a daily basis into specific categories. Strategy.com News allows users to choose from over 400 categories so they can receive and retrieve the headline news they are interested in, as well as the subject and geography-specific stories of their choice. Users can also personalize their news by creating their own news categories.
"With more than 300,000 subscribers on the Strategy.com Network, we need to provide only the information each individual wants, when, where and how they want to receive it," said Nicholas Weir, president and chief operating officer of Strategy.com. "Verity is helping us provide highly-personalized services to our customers by intelligently and automatically organizing information into exact categories for the delivery of the right news anytime, anywhere."
"Strategy.com is implementing some unique personalization features allowing users to sign up and receive news via email, wireless devices or telephone so they can be assured that they are abreast of the issues that are important to them," said Anthony Bettencourt, president of Verity. "We're pleased Strategy.com is relying on Verity's award-winning knowledge retrieval products to provide customized extensibility to their subscribers' information needs."
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, online 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 and Time New Media.
This press release contains forward-looking statements relating to Verity and the expected performance of its Verity Information Server, Verity Profiler and Developer Toolkit products. 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.
Editorial Contacts:
Kathy Kale
Verity, Inc.
408-542-2379
MicroStrategy, Personal Intelligence Network, Strategy.com News and Strategy.com are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
This press release may include statements that may constitute "forward-looking statements," including its estimates of future business prospects or financial results and statements containing the words "believe," "estimate," "project," "expect" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company's ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its Strategy.com network on a timely basis; adverse reaction by the Company's employees, investors, customers, vendors and lenders to the restatement of the Company's 1999 results or its future prospects; the Company's ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company's products in the marketplace; the timing of significant orders; delays in the Company's ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations and other risks detailed in the Company's registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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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