Verity Names Charu Rudrakshi as Vice President of Engineering, Verity Sunnyvale
SUNNYVALE, Calif. - 2000-11-13 - 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 appointment of Charu Rudrakshi as vice president of engineering, Verity Sunnyvale. Rudrakshi most recently served as the vice president of engineering for BizRate.com. He reports to Ashok Chandra, senior vice president of development and new business activities, and is responsible for strategic project planning and development, management of engineering operations, and the direction of Verity's engineering group in Sunnyvale, California.
"We are very pleased that a person of Charu's stature is joining Verity," said Chandra. "He brings a wealth of industry experience which will be invaluable to Verity as we move aggressively to extend our market leadership in products that power business portals."
Charu Rudrakshi has a strong software development background as well as leadership and organizational skills. He joined Verity from BizRate.com where he served as vice president of engineering for the merged eBoodle.com and BizRate.com engineering departments. While at BizRate.com, he led the formation and coordination of the technical advisory board and also developed the engineering and QA processes for efficient product delivery. Prior to BizRate.com, Rudrakshi was a director of research and development for Informix where he managed the delivery of the Red Brick Warehouse and Extended Parallel (XP) Server development. He received the STARS award for his special effort in leading the development of XP for the Japanese market. Previously, Rudrakshi held engineering positions at Consilium and Digital Equipment Corporation. He also founded and managed Electrocrats, a manufacturer and installer of electrical power distribution systems in Pune, India. He holds a M.S. in Computer Engineering from Rensselaer Polytechnic Institute in Troy, NY, and a B.Tech. degree in Electrical Engineering from the Indian Institute of Technology in Kharagpur, India.
According to Rudrakshi, "Verity was one of the first companies to recognize the value of, and deliver, full-text search solutions for intranet, e-commerce and B2B portals that comprise business portals. The company's achievements come from its patented technology, long-term corporate viability, financial strength, support of industry leaders and proven success across a rich, broad customer base. I'm excited to be joining such a leading company in this industry, and I look forward to helping deliver next-generation Verity technology."
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.
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 the benefits Verity expects to obtain from the services of Mr. Rudrakshi and Verity's plans to its market leadership in products that power business portals. Actual results are subject to risks and uncertainties. Additional 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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