Digital Commerce Corporation Selects Verity to Power FedCenter.com's search engine, the World's Largest Business-to-Government e-Procurement Site
Verity K2 Toolkit Offers Rapid, Scalable and Precise Access to Government Buyers, Enabling Streamlined Purchasing and Enhanced Cost Efficiencies
SUNNYVALE, CA. and HERNDON, VA. - 2000-10-10 - Verity, Inc. (Nasdaq: VRTY), a leading provider of infrastructure software that powers enterprise and e-commerce portals as well as e-business applications, and Digital Commerce Corporation (DCC), the leading developer and provider of e-commerce solutions for the business-to-government market (B2G), today announced that DCC has selected Verity's high-performance Verity K2 Toolkit portal infrastructure technology, with advanced search, navigate, and view capabilities, to power FedCenter.com's search engine, the leading online government purchasing site. FedCenter.com, the largest worldwide electronic marketplace designed exclusively for government procurement, offers over 18 million line items and provides a single access point for government buyers to purchase products and services from over 800 vendors. The Verity K2 Toolkit was selected as a key component of the FedCenter.com portal site, because of its scalability, flexibility, accuracy and high-performance.
"FedCenter is committed to providing quality and value for our customers in the online buying community", said Tony Bansal, president and CEO of Digital Commerce. "A critical component of this process is to ensure that buyers can quickly and easily find the information they need. What set Verity apart was its scalability and high-performance. Since we currently have an e-commerce marketplace with possibly the largest number of SKUs in the world and are continuing to grow, Verity's proven track record gives us the confidence that it can meet the capacity for the growth of our business."
Verity provides market-leading software for building custom knowledge retrieval applications, helping customers to automatically analyze and intelligently refine their Web-based searches. Verity's technology uses a combination of full text, metadata and knowledge-based methods to index and retrieve textual information stored in a variety of formats across corporate intranets and the Internet. It enables the organization and relevance ranking of selected information, thereby allowing users to filter and evaluate information personalized to their specific needs and interests. Verity technology delivers around-the-clock availability and scalable, high-performance throughput for thousands of users searching over tens of millions of documents with sub-second response.
According to Anthony Bettencourt, president of Verity, Inc., "FedCenter.com leads the emerging business-to-government digital market and is revolutionizing the way private-sector vendors and public-sector buyers do business. We're excited that our portal infrastructure technology will help government buyers find the products and services they need quickly and easily, enabling streamlined procurement, as well as greatly enhanced cost efficiencies."
The federal government spends an estimated $210 billion a year on procurement of products and services capable of being addressed by FedCenter.com. Most of this purchasing is done by phone, fax or mail. FedCenter.com's Web-based solution provides tangible benefits to government buyers, including reduced administration costs and improved productivity. FedCenter.com is a free to the buyer, one-stop e-commerce marketplace where federal buyers can research, compare and purchase products and services and manage their work online - saving both time and money. "The future of e-commerce is as a single source of information where the government buyer can compare products and get best value. Our marketplace provides a single access point for government buyers to purchase products and services from over 800 qualified vendors," stated Gabriel Leung, senior vice president and chief technology officer of Digital Commerce Corporation. FedCenter.com provides instant sourcing and a one-stop purchasing process, enabling purchasing agents to rapidly search, compare and purchase products and services from multiple Digital Commerce Corporation vendors as well as record, categorize, and track purchases. It also enables buyers to obtain detailed, line-item data, as is required by the Federal Government.
About the Verity K2 Toolkit
Verity K2 Toolkit allows brokered searches across multiple servers and multiple CPUs to provide the most relevant search results from many information sources without sacrificing the speed or accuracy of the results displayed. As the number of users, queries, or amount of data increases, K2 applications can keep pace with increased demands by adding new CPUs or servers to the network without bringing down the application. Providing 24x7 fault tolerant operations, the Verity K2 Toolkit isolates failures of individual nodes or servers from the rest of the system, ensuring that applications are available when they are needed.
The Verity K2 Toolkit also supports Active Server Pages/COM and Java™, allowing easy integration across a wide range of application servers and Java environments, including Microsoft IIS/Site Server, Weblogic, iPlanet, Websphere, Java Server Pages, and Apache with JServ. With Industry-standard C language and Perl APIs, Verity's K2 Toolkit helps speed application deployment and gives corporate accounts added flexibility in application development, especially for e-commerce and business-to-business application solutions.
About Digital Commerce Corporation and FedCenter.com
Digital Commerce Corporation is the leading developer and provider of e-commerce solutions for the business-to-government market. Digital Commerce's e-marketplaces offer e-commerce solutions to governmental agencies on the federal, state and local level, linking them and their vendors through electronic trading hubs over the Internet. Digital Commerce's e-commerce solutions, FedCenter.com and StateGovCenter.com, are designed to streamline the government procurement cycle and to lower the overall costs of procurement transactions by reducing the inefficiencies related to manual processes. Digital Commerce also operates MyGovClub.com, a personal resource for government and military personnel and their families. Digital Commerce Corporation is headquartered in Herndon, Virginia. For additional information, visit www.DigitalCommerce.com or www.fedcenter.com, or call 1-800-449-3713.
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, Cisco, CNET, Compaq, Dow Jones, Edgar Online, Ernst & Young, Fairmarket, Financial Times, Globe and Mail, Home Depot, IBM, Lotus, NewsEdge Corporation, 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 its products and technologies. 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.
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