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Verity Launches Portal One
Market Leader Now Delivers the Essential Technology Capabilities, Partners, and Services for a Complete Business Portal
SUNNYVALE, Calif. - 2000-06-26 - Verity, Inc. (Nasdaq: VRTY), a leading provider of infrastructure software that powers enterprise and e-commerce portals as well as e-business applications, today announced the immediate availability of Verity Portal One‘ -- a comprehensive, integrated solution that includes the essential technology capabilities for a complete business portal. Verity Portal One is a powerful, high-performance portal product that delivers personalization; search, navigate, and view capabilities; unified access to multiple information sources; intelligent classification of information; and unprecedented security, scalability, and reliability. Additionally, Verity announced broad support for Portal One from several industry leaders and strategic partners, including Ask Jeeves (Nasdaq: ASKJ), AvantGo, Computer Sciences Corporation (NYSE: CSC), IBM (NYSE: IBM), iSyndicate, iXL (Nasdaq: IIXL), Lexis-Nexis, My Docs Online, Powerize, and Screaming Media (Nasdaq: SCRM).
"We have relied on Verity technology for a number of years, said Larry Tunks, director of IT for Congressional Quarterly, the nation's premier provider of nonpartisan news and data about the United States Congress. "With the addition of Verity Portal One, we now have an end-to-end solution for better serving our customers and providing the precise information they need. Verity Portal One's ease-of-use, installation, and unique intelligent classification system is exactly what we required to move our service to the next level."
With information multiplying exponentially every day, Verity Portal One provides a new solution to the business information access problem. Built upon next generation Verity technology, Portal One delivers comprehensive and unified access to enterprise and Internet data sources, from Web browsers or handheld devices, and from many locations, formats and structures. Device-aware and secure, Verity Portal One enables personalized, role-specific delivery of relevant information to organizations worldwide.
"It's extremely important in an organization as large as the National Association of Securities Dealers (NASD) that our knowledge workers have information that can be personalized for relevance, immediacy, and security," said Dan McQuillen, Market Communication Services for the NASD. "With the NASD My Oasis system, which was built with Verity Portal One, we can now bring our nationwide users back into the fold and keep them up-to-date and well-informed."
According to Dr. Ashok Chandra, senior vice president of development and new business activities for Verity, "Portals are becoming the corporate desktop of tomorrow. Many portal products on the market today are only skin deep, providing a thin html-veneer on existing applications. Verity Portal One provides a comprehensive solution, allowing enterprises to enhance productivity and yield true cost savings for business effectiveness in the 21st century".
About Portal One
Verity Portal One is a comprehensive, integrated business portal offering that delivers all of the essential technology capabilities needed for a next-generation corporate desktop, as well as partners and services key to a complete portal. These capabilities include:
Personalization
Verity Portal One provides an intuitive, easy-to-use web-based interface that gives customers multiple options for viewing content. Users can choose to customize the layout, categories and information delivery methods that are most relevant to them.
Search, Navigate and View
Based on industry-leading knowledge retrieval technology, Verity Portal One gives users a comprehensive information discovery experience. Verity Portal One provides advanced capabilities for precise searching, intuitive category navigation and easy document viewing.
Unified Access
Verity Portal One provides single-point, comprehensive access to all enterprise and Internet information sources, wherever they are located. Unlike other portal products, Portal One leverages existing security mechanisms, allowing customers to protect valuable information assets while relieving them of building totally separate portal security systems. Portal One also provides content submission and application integration into business-critical data repositories like ERP and supply chain management systems so users can manage their information from a common, intuitive interface.
Intelligent Classification
Verity's Intelligent Classification allows companies to organize information the way they organize their business. Verity combines the best of automatic systems with the flexibility to manage an organization's classification rules. Portal One reduces the cost of content categorization and increases the likelihood users will find relevant information to make timely and qualified business decisions.
Enterprise Strength
Verity Portal One provides high performance, scalability, and reliability. It is the only cross-platform, fault-tolerant solution that can expand as business requirements grow. With the ability to broker searches across multiple servers and operating systems, Portal One enables users to quickly find the right information regardless of the volume of data or number of simultaneous users. In addition, the product provides support for XML everywhere and the Wireless Access Protocol (WAP).
As cornerstones of these five essential capabilities, Verity provides unique technology with regards to:
▪ Security -- Portal One respects the native security of existing applications and eliminates the need to manage separate security controls, saving time and money
▪ Scalability -- New architecture that supports the scalability and reliability required by enterprises for large scale portal deployment
▪ Integration—Includes robust connectors and gateways to existing content, including embedded documents, applications and enterprise data resources
▪ Intelligent Classification—Makes it easy and cost-effective to automatically arrange content by familiar categories so users can quickly navigate through large amounts of information
▪ Wireless Access Protocol (WAP) -- for connecting to the increasingly pervasive wireless world
Pricing and Availability
Pricing for Verity Portal One begins at US$65,000 and includes a 250-user license. For more information on pricing and additional value-added services, please contact Verity.
About Verity's Portal Partners and Services
To deliver the most comprehensive business portal solution, Verity has partnered with a number of industry leaders to augment portals with enhanced content and application integration capabilities. Current partners include Ask Jeeves, AvantGo, IBM, iSyndicate, Lexis-Nexis, My Docs Online, Powerize, and Screaming Media.
Verity also offers consulting and integration services to support the development and delivery of Verity Portal One solutions. These services include consulting and custom application development from Verity Professional Services, as well as "best-of-breed" systems integrators including CSC and iXL.
About Verity
Verity is a leader in infrastructure software that powers corporate portals used for sharing information within an enterprise, e-commerce portals for online selling and market exchange portals for B2B activities. Business portals provide personalized information to employees, partners, customers and suppliers.
Verity products are used by 48 of the Fortune 100 and by more than 1,000 corporations worldwide. The markets Verity serves are comprised of e-commerce merchants, e-businesses, market exchanges, government agencies, online service providers, Internet publishers and software developers. Verity customers include Adobe Systems, American Greetings, AT&T, Broadvision, CDNOW, Chapters, CNET, Cisco, Compaq, Dow Jones, Edgar Online, Ernst & Young, Fairmarket, Financial Times, Globe and Mail, Home Depot, IBM, NewsEdge Corporation, Lotus, SAP, Siemens, Snap.com, Sybase, Time New Media and Timex.
This press release contains forward-looking statements regarding the Company's potential future results. Actual results could differ materially as a result of many factors. If Company management is unable to manage effectively the Company's operations, identify opportunities in a timely fashion, and effectively evaluate and manage the Company's business and competitive position, or interest in the Company's products declines due to the introduction of competing products or for other reasons, the Company's results of operations and financial condition will be materially and adversely affected. Other risks relating to the Company are as set forth in the Company's Form 10-K and Form 10-Q's as 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 by calling 408-541-1500.
Verity, the Verity logo and Verity Portal One are registered trademarks or trademarks of Verity, Inc. All other trademarks are the property of their respective owners.
Note to editors: For more information on Verity Portal One, please refer to the document titled "Delivering Context for Portal Communities" written by Hadley Reynolds, director of research for the Delphi Group. This can be found at www.verity.com.
Verity Receives Broad Support From Industry Analysts for Portal One
"Our research indicates that both Global 2000 corporate portal implementers and e-business portals are asking more of their infrastructure software as they gain experience online," said Hadley Reynolds, director of research at the Delphi Group, Boston, MA. "Portal managers today want easy access to a combination of components needed to create an effective and attractive online presence--non-invasive personalization, community-centered and dynamic content organization and presentation schemes, highly scaleable performance, multi-source and cross-application connectivity, comprehensive and accurate search and navigation--and they want to support this environment with their existing security infrastructure and on the user's choice of devices. In its Portal One product, Verity has created a portal application that rises to this challenge, and gives e-business managers a functionality set that spans from the portal glass straight back into the enterprise's information asset base."
Hadley Reynolds
Director, Research
The Delphi Group
617-247-1511
hr@delphigroup.com
"Verity has the experience and the technology to move into the integrated business portal marketplace," said Susan Feldman, program director, document and content technologies for IDC. "Its strength historically is in search and retrieval. That, coupled with its new capabilities for organizing information automatically, workflow management, and access control make this a strong product in the Web content marketplace. The new Verity product should help companies organize and deliver information effectively. Verity is well positioned to compete."
Susan Feldman
Program Director, Document Management and Content Technologies
IDC
508-935-4552
sfeldman@idc.com
"Portals will continue to be of key importance to organizations as they attempt to deliver relevant information to their employees, customers, partners and suppliers. The key goal of a business portal is relevance," said Gene Phifer, vice president and research director, GartnerGroup. "For organizations struggling with infoglut, solutions like Verity's can help bring more order and personalization to their portal initiatives."
Gene Phifer
Vice President and Research Director
GartnerGroup
203-316-1222
gene.phifer@gartner.com
"Although the portal market is still nascent relative to large scale implementation, organizations have begun to select strategic platforms to deliver contextually relevant information and services to partners, customers, and employees," said David Yockelson, SVP and Director of META Group's Electronic Business Strategies service. "Technologies and solutions that enable relevance to be derived securely from various content sources in an automated fashion will form the basis of most successful
portals, be they internal or externally focused."
David Yockelson
Vice President, Advanced Information Management
META Group
203/973-6700
david.yockelson@metagroup.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.
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