Verity helps UBS Warburg employees access its worldwide knowledge banks
SUNNYVALE, CA - 2001-07-11 - Verity, a leading provider of infrastructure software powering enterprise and e-commerce portals as well as e-business applications, announces that UBS Warburg, a business group of UBS AG, one of the world's leading financial services firms, will use the Verity K2 Software worldwide. Verity will provide the solution, which includes advanced search and intelligent classification of information, connecting the bank's internal and external data repositories and its websites. It will be implemented globally throughout 2001.
Some of the key attractions for using Verity are its scalability and ability to index, categorise and provide search results for large amounts of information from different sources. The Verity K2 Software provides the capability to process terabytes of data from globally distributed databases. Verity can also handle multiple data formats, including .pdf, .txt, Lotus Notes and MS Office files and supports multiple languages.
Verity K2 Software and Documentum 4i eBusiness Platform integrate seamlessly to provide UBS with a comprehensive global information retrieval solution.
"Documentum 4i eBusiness Platform ensures UBS Warburg accuracy and security of valuable, proprietary and voluminous electronic assets in any format, "said Dave De Walt, President and COO of Documentum. "Our joint solution with Verity is the only one that can scale to meet the demands of very large user communities, such as UBS Warburg whose worldwide network of 20,000 users demand quick access to trusted, personalised content assets to help make better business decisions every day."
"As businesses become more global and diverse, the need for robust integrated information retrieval solutions increases," says Simon Atkinson, managing director for Verity GB Ltd. "External and internal information has to be easily and accurately accessible for all employees, in any supported language and location around the clock. With the combination of Verity K2 Software and Documentum 4i eBusiness Platform, UBS Warburg can bank on its knowledge management technology and maximise the potential of its textual assets."
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 UBS Warburg 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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