ABB Selects Verity's Portal Infrastructure Software to Power its Intranet and Internet Applications
SUNNYVALE, CA - 2001-07-10 - Verity, Inc. (NASDAQ: VRTY), a leading provider of infrastructure software powering enterprise and e-commerce portals as well as e-business applications, today announced that ABB has selected Verity's high performance portal infrastructure software to provide search, classification and categorization capabilities for ABB's external and internal Web applications.
ABB is a business-to-business supplier for the manufacturing, utilities, oil and gas industries. Customers access product supply and order information, as well as order updates through the ABB Web site. In addition, ABB's 160,000 employees in 100 countries rely on the portal for critical product information that customers demand. With support for 26 languages, the Verity portal software quickly and accurately searches across vast data sources to connect both customers and employees to the information they need.
"We're pleased to provide our advanced portal infrastructure software to ABB to help them increase the efficiency of their Internet and Intranet applications, as well as improve ABB's communications efforts," said Anthony J. Bettencourt, president of Verity. "Since ABB is active in many industries and has operations in over 100 countries, it is important for their employees and customers around the world to find information about ABB's products and services quickly, easily and in a language they understand."
The Verity software delivers advanced search, while its Intelligent Classification features allow users to organize information in a way that mirrors how they organize their business. Users can navigate directly to the information they need through advanced user interfaces.
In addition, Verity's technology design ensures rapid integration with users' existing e-business environments, while its fault-tolerant, highly scalable architecture offers reliable execution and unlimited user growth.
About Verity
Headquartered in Sunnyvale, California, Verity is a leading provider of business portal infrastructure software. Verity software gives businesses a multitude of ways to improve access to vital information and perform a range of e-business operations, while enhancing the end-user experience. Verity-powered business portals, which include corporate portals used for sharing information within an enterprise; e-commerce portals for online selling; and market exchange portals for B2B activities, all provide personalized information to employees, partners, customers and suppliers.
Verity products are used by 80 percent of the Fortune 50 and by more than 1,500 corporations in various markets. Customers include Adobe Systems, American Greetings, AT&T, CDNOW, Chapters, Cisco, CNET, Compaq, Dow Jones, Edgar Online, Ernst & Young, FairMarket, Financial Times, Globe and Mail, Home Depot, Lotus, NewsEdge Corporation, SAP, Siemens, Sybase, Time New Media and Timex. In 2001, Delphi Group named Verity as the market leader in the portal infrastructure software.
This press release contains forward-looking statements relating to Verity and the expected performance of its product. Actual results are subject to risks and uncertainties including the risk that integration of the Verity product into the ABB Web sites will be delayed or not occur, or not perform as anticipated as a result of unforeseen technical difficulties. Risks relating to Verity and its products are set forth in its Form 10-K and other reports filed with the United States 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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