Verity Teams With IBM on New Offering To Provide a Foundation For Connecting People to Knowledge
Verity K2 Toolkit to Be Integrated With IBM Corporate Portal Offering
SUNNYVALE, Calif. - 2000-12-14 - 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 that it is working with IBM Global Services (NYSE: IBM) on a new offering to deliver a range of business and technical services for the development of high value portals. IBM's Corporate Portal Offering will include specific tools and techniques to customize levels of content and function for each customer. Verity's advanced knowledge retrieval solution, the K2 Toolkit, was selected as a key infrastructure component of IBM's Corporate Portal services because of its scalability, flexibility, accuracy, high performance, and functionality that helps users navigate large volumes of information efficiently. In addition, in support of IBM's Corporate Portal services, Verity has provided global training on the K2 Toolkit to IBM's Knowledge and Content Management consultants and architects.
"After extensive research on the portal marketplace, our mission was to create the Corporate Portal Offering as a complete framework - including methodology, approach, and best-of-breed technology partnerships - for identifying and implementing the best portal solutions for our clients," said Scott Smith, Global Executive for IBM Knowledge and Content Management Services. "Reliable and high-performance knowledge retrieval technology is a critical component of any portal. With over a decade of experience in knowledge management and portal infrastructure technology, Verity is a leader in this space."
According to Anthony J. Bettencourt, president of Verity, "Corporate portals provide a unified, highly productive working environment for individuals, teams and communities. This portal environment can span industries, market segments, and geographies, and can be B-to-B, B-to-C, or business-to-employee - allowing users to be more efficient, take advantage of new opportunities, and survive competitive environments by making more effective use of their information. We're honored that, under our agreement with IBM, we will contribute our industry-leading technology as a key component of the Corporate Portal Offering for IBM's customers."
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.
IBM's Corporate Portal Offering provides businesses a framework for creating dynamic, personalized workspaces for its employees. With these services, a company can develop a work environment incorporating all the necessary office elements, as well as providing employees connections to resources and information unique to an individual's specific job requirements. An employee in engineering, for example, would have, in a single working environment, access to design programs, word processing applications, e-mail, databases of information needed by only the company's engineers, discussion boards and team rooms relevant to his work, the research of outside engineers that might be relevant to a current project, and the Internet. The portal also identifies others in the organization with relevant experience, knowledge, or information, and could provide instant messaging access to those people.
About the Verity Consultant Partner Program
The Verity Consultant Partner program is designed for e-business consulting companies that wish to expand their services by adding expertise in Verity portal and information management software. To support members' efforts in building a practice, which is centered on knowledge of Verity's products, the program offers benefits in training, technical support and demo software.
About IBM Global Services
IBM is the world's leading e-business company, offering a wide range of services and solutions that help businesses take full advantage of emerging innovation like smart technologies. IBM Global Services is the world's largest information technology services provider, with 1999 revenues of more than $32 billion. Services is the fastest growing part of IBM, with more than 140,000 professionals serving customers in 160 countries. IBM Global Services integrates IBM's broad range of capabilities --services, hardware, software and research -- to help companies of all sizes realize the full value of information technology. For more information on IBM, visit www.ibm.com/consulting/knowledge.
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, 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 benefits of its partnership with IBM Global Services. Actual results are subject to risks and uncertainties, including the risks that the implementation of Verity K2 Toolkit into IBM's Corporate Portal Offering will be delayed due to unforeseen technical difficulties, and when implemented may not meet IBM's or customers' needs or expectations. Other 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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