Verity Portal Infrastructure Software To Enhance Oracle Exchange Partner Initiative
Business Exchange Users Can Benefit from Faster, Smarter Search Capabilities
SUNNYVALE, CA. - 2001-07-17 - 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 has joined the Oracle® (NASDAQ: ORCL) Exchange Partner Initiative (OEPI). Part of the Oracle Partner Program (OPP), this initiative links Oracle customers to companies whose software works well with the Oracle Exchange platform, Oracle's business-to-business marketplace software. Verity will integrate its comprehensive infrastructure software into business exchange portals developed with the Oracle Exchange platform.
The OEPI is a community of top system integrators, independent software vendors, and content aggregators that build, deliver and support solutions built around the Oracle Exchange platform. In this case, Verity portal infrastructure software allows business exchange users to quickly and accurately search through multiple sources of data including service manuals, emails, data sheets, consumer reports, and other related information. In addition, Verity search capabilities and business rules allow users to define what they are looking for in ways that will allow the system to generate results that best meet their needs.
The open architecture of the Oracle Exchange platform benefits OEPI members, who can now integrate their applications easily and gain rapid adoption by Oracle Exchange platform buyers, suppliers and operators. Members' services will also be available to participants on Oracle's global, open, horizontal marketplace, www.Exchange.Oracle.com.
"At the heart of an enterprise portal is the ability to search across multiple sources of information and provide search, categorization and classification of queries," said Anthony J. Bettencourt, president of Verity. "If customers cannot find and organize what they want in a reliable, expedient manner, how can businesses sell to them? Oracle recognizes Verity's capabilities to help companies leverage their data sources via Verity's user-friendly enterprise solution."
The OEPI is part of the Oracle Partner Program, a global business community of more than 12,000 companies that deliver innovative e-business solutions with Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle Partner program provides partners with the resources they need to be successful in today's Internet economy. Oracle partners are able to offer customers leading-edge solutions backed by Oracle's position as the world's leading supplier of e-business solutions. Additional information is available at http://partner.oracle.com.
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, Siemens, Time New Media and Timex.
The statements in this press release regarding the expected performance of Verity products and technologies and expected benefits from Verity's participation in Oracle's Exchange Partner Initiative Program are forward-looking statements. These statements are subject to risks and uncertainties, including the risk that the benefits may not be obtained due to technical or other reasons. 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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