Verity to Enhance The Farmshed's Agricultural Information Portal for Australian Farmers
SUNNYVALE, CA. - 2001-11-20 - 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 The Farmshed, an Australian owned agricultural information company, has implemented Verity's advanced portal infrastructure software, K2 Catalog, into The Farmshed's portal (www.farmshed.com.au) for farmers, buyers and others involved in the Australian agriculture industry. This implementation of K2 Catalog now enables thousands of users to quickly and accurately access content ranging from the latest agricultural news and market data to weather reports and information about farm products.
"Australia has over 140,000 farmers, more than half of whom go online for the latest agricultural information", said Tony Jaensch, chief technology officer of The Farmshed. "As an important part of their production cycle, farmers go to The Farmshed for critical information such as weather forecasts in over 150 regional centers and market data for their regions. Verity K2 Catalog is a valuable part of our knowledge exchange because the software delivers fast and reliable results."
The Farmshed's website offers a wide range of information services such as personalized market price information and analysis for a number of agricultural sectors, as well as updates on current affairs. Verity K2 Catalog searches and categorizes all of this content so users can more easily find and use the information they need.
"With The Farmshed, Verity continues to prove its commitment to enhancing business portals and e-business applications in markets around the world", said Anthony J. Bettencourt, president of Verity. "Verity K2 Catalog will give The Farmshed users more accurate and immediate access to vast amounts of information that directly impacts their livelihoods."
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. In addition, most leading software vendors, as part of their e-business applications, utilize Verity technology.
Verity products are used by 80 percent of the Fortune 50 and by more than 1,000 corporations in various markets. Customers include Adobe Systems, American Greetings, AT&T, Cap Gemini Ernst & Young, Cisco, CNET, Compaq, Dow Jones, EDGAR Online, 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 K2 Catalog software in The Farmshed Website. Actual results are subject to risks and uncertainties including the risk that K2 Catalog will be 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 under the caption "Risk Factors".
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.
Channing Barringer
Edelman PR Worldwide
212-642-7716
channing.barringer@edelman.com
Winifred Shum
Verity, Inc.
408-542-2363
wshum@verity.com
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