Verity Forms Technical Advisory Board Comprised of Influential Thought Leaders

Technology Experts in Academe, Industry, and Government to Bring Practical Experience and Visionary Leadership to Verity

SUNNYVALE, Calif. - 2000-07-19 - 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 formation of its Technical Advisory Board (TAB) comprised of five highly respected and influential thought leaders in the technology industry - Hector Garcia-Molina, Randy Katz, Tom Leighton, Heikki Mannila, and Raj Reddy. Among them, these individuals have spawned companies such as Akamai, received honored awards in Computer Science including the 1994 ACM Turing Award, served on the President's Information Technology Advisory Committee (PITAC), hold numerous patents, published award-winning books in their areas of expertise and are members of National Academy of Engineering. This announcement highlights Verity's commitment to continue technology innovation by inviting the best minds in the industry to contribute to its ongoing corporate strategy and product directions.

"Verity has continuously been on the cutting edge of technology," said Prof. Raj Reddy, a member and co-chair of the President's Information Technology Advisory Committee. "I too believe that portals for knowledge management will be the corporate window on the world as the amount of information any corporation or individual needs to navigate and understand continues to increase at net speed. I'm excited to be able to contribute and help Verity in pioneering next-generation solutions that will drive e-business to the next level."

"We are honored to have attracted individuals of this caliber to join our Technical Advisory Board," said Dr. Ashok Chandra, senior vice president of development and new business activities for Verity. "With the committee members' exceptional vision, knowledge and expertise in technology developments and research, as well as valuable insights on the latest business strategies, we believe that the TAB committee members will provide Verity with the ideal mix of experience needed to enhance and develop exceptional products for next-generation Verity business portals, e-commerce sites and market exchanges.

Verity Technical Advisory Board Members

Hector Garcia-Molina

Hector Garcia-Molina is the Leonard Bosack and Sandra Lerner Professor in the Departments of Computer Science and Electrical Engineering at Stanford University, Stanford, California. He is a Fellow of the ACM, received the 1999 ACM SIGMOD Innovations Award, and is a member of the President's Information Technology Advisory Committee (PITAC). From August 1994 to December 1997, he was the Director of the Computer Systems Laboratory at Stanford. From 1979 to 1991 he was on the faculty of the Computer Science Department at Princeton University, Princeton, New Jersey.

Garcia-Molina's research interests include distributed computing systems and database systems. He received a B.S. in electrical engineering from the Instituto Tecnologico de Monterrey, Mexico, in 1974. From Stanford University, Stanford, California, he received an M.S. in 1975 in electrical engineering and a Ph.D. in computer science in 1979.

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Randy Katz

Randy Howard Katz received his undergraduate degree from Cornell University, and his M.S. and Ph.D. degrees from the University of California, Berkeley. He joined the faculty at Berkeley in 1983, where he is now the United Microelectronics Corporation Distinguished Professor in Electrical Engineering and Computer Science. He is a Fellow of the ACM and the IEEE, and a member of the National Academy of Engineering. He has published over 165 technical papers and his hardware design textbook, Contemporary Logic Design, has sold over 85,000 copies worldwide. He has supervised 32 Masters theses and 17 Ph.D. dissertations. He has won numerous awards, including seven best paper awards, a "test of time" paper award, three best presentation awards, the Berkeley Distinguished Teaching Award, the 1999 IEEE Reynolds Johnson Information Storage Award, the 1999 ASEE Frederic E. Terman Award, and the 1999 ACM Karl V. Karlstrom Outstanding Educator Award. With colleagues at Berkeley, Katz developed Redundant Arrays of Inexpensive Disks (RAID), an $18 billion per year industry sector today. While on leave for government service in 1993-1994, he established www.whitehouse.gov and connected the White House to the Internet. His current research interests are Internet services architecture, mobile computing, and computer-telephony integration.

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Tom Leighton

Tom Leighton founded Akamai in September 1998, together with graduate student Danny Lewin and a leading group of MIT Scientists and business professionals. As Chief Scientist, Leighton is Akamai's technology visionary as well as a key member of the executive team setting the company's direction. Leighton is one of the world's preeminent authorities on algorithms for network applications. A Professor of Applied Mathematics at MIT, he has served as the Head of the Algorithms Group in MIT's Laboratory for Computer Science since its inception in 1996.

Leighton holds eight patents involving cryptography, personal identification cards, watermarking, and network applications, six of which have been licensed or sold to major corporations. During the course of his career, he has successfully managed millions of dollars in government research contracts and has served on dozens of government, industrial, and academic review committees, program committees, and editorial boards. He is a former two-term chair of the 2,000-member Association of Computing Machinery Special Interest Group on Algorithms and Complexity Theory, and a former two-term Editor-in-Chief of the Journal of the ACM, the nation's premier journal for computer science research. Leighton has published more than 100 research papers, and his seminal 830-page text on parallel algorithms and architectures has been translated into several languages. He graduated Summa Cum Laude from Princeton University with a B.S.E and received his Ph.D. in Mathematics from MIT.

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Heikki Mannila

Heikki Mannila is a research fellow at Nokia Research Center and a professor of computer science at the Helsinki University of Technology. He received his Ph.D. from the University of Helsinki in 1985. From 1989 to 1999, he was a professor of computer science at the University of Helsinki, and in 1998-99 a senior researcher at Microsoft Research. He has also been a visiting professor of the Vienna University of Technology and a senior researcher at the Max Planck Institute for Computer Science. His research interests are in data mining, algorithms, databases, and mobile computation. He is the coauthor of "Design of Relational Databases" (Addison-Wesley 1992) and "Principles of Data Mining" (MIT Press, to appear), and has published numerous research papers. He is the editor-in-chief of the journal "Data Mining and Knowledge Discovery" published by Kluwer Academic.

Raj Reddy

Dr. Raj Reddy is the Herbert A. Simon University Professor of Computer Science and Robotics in the School of Computer Science at Carnegie Mellon University. He is a member of the National Academy of Engineering and the American Academy of Arts and Sciences. He served as president of the American Association for Artificial Intelligence from 1987 to 89. Dr. Reddy was awarded the Legion of Honor by President Mitterand of France in 1984, and the ACM Turing Award in 1994. He is a member and co-chair of the President's Information Technology Advisory Committee (PITAC).

He began his academic career as an Assistant Professor at Stanford in 1966. He joined the Carnegie Mellon faculty as an Associate Professor of Computer Science in 1969. He became a Full Professor in 1973, a University Professor in 1984, and named as the Simon University Professor in 1992. He served as the founding Director of the Robotics Institute from 1979 to 1991. He served as the Dean of School of Computer Science at CMU from 1991 to 1999.

Dr. Reddy's research interests include the study of human-computer interaction and artificial intelligence. His current research projects include spoken language systems; invisible computing, gigabit networks; universal digital libraries; and distance learning on demand.

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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 relating to Verity and the expected benefits to Verity from establishing and maintaining the Technical Advisory Board. 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

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