Verity Signs Distributor Agreement with Toshiba Information Systems (Japan) Corporation
SUNNYVALE, Calif. - 2000-08-01 - 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 it has signed a distributor agreement with Toshiba Information Systems (JAPAN) Corporation (TJ) under which TJ will distribute Verity solutions in the Japanese market. This partnership expands Verity's presence in Japan, which includes ongoing relationships with Omron Alphatec and NEC Corporation. Under the terms of the agreement, TJ is licensed to distribute Verity's entire product suite.
Hiromichi Iehara, General Manager, Network Products Division, Toshiba Information Systems (JAPAN) Corporation, said, "The ability to find information quickly and accurately is critical to corporations. The reality is that enterprise information is spread far and wide and is stored in multiple formats. Verity offers the most flexible, accurate and comprehensive corporate, e-commerce and B2B portal solutions available today. We're honored to be able to deliver these solutions to our customers." Iehara continued, "As a distributor of Verity's products in Japan, TJ will provide Verity with valuable information on the latest technology trends in the Japanese market as well as provide customer feedback on the localized version of Verity's products."
According to Anthony Bettencourt, president of Verity, "Toshiba Information Systems focuses on companies interested in knowledge management, data mining and pinpoint searching - all core competencies of Verity. TJ is well suited to distribute and support Verity products in that highly competitive marketplace. We are very excited to have Toshiba Information Systems as a partner to help strengthen our current distribution strategy and increase our penetration into this expanding region."
About Toshiba Information Systems (JAPAN) Corporation
Toshiba Information Systems was established by a group of investors, including Toshiba Corp. and Fuji Television Network, Inc., in 1962, during an era that could be considered the dawn of information systems technology in Japan. Since then, as a pioneer in its field, Toshiba Information Systems has maintained a command of leading-edge technical capabilities and responded to the diverse information technology requirements of companies and society in general. Early industry leadership in Internet technology and services has helped us to develop into a total information service company for the 21st century. At Toshiba Information Systems, we will continue to offer comprehensive, effective responses to the needs of our customers by fusing new technologies with our many years of experience in existing technologies. For more information, visit us on the Web at www.tjsys.co.jp and www.marche.tjsys.co.jp
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 performance of Verity's products and the benefits of the distribution agreement with Toshiba Information Systems (Japan) Corporation. 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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