Verity Helping pressplay Subscribers Find the Music Online
Verity K2 Catalog makes it easier, faster to retrieve songs online
SUNNYVALE, CA - 2002-03-19 - Verity, Inc. (Nasdaq: VRTY), a leading provider of infrastructure software powering enterprise and e-commerce portals as well as e-business applications, is providing pressplay, the online music company with Verity® K2 Catalog software to bring advanced search and navigation capabilities to pressplay's subscribers.
"This agreement with Verity provides pressplay's customers with one of the best search functionalities available," said pressplay CEO Andy Schuon. "Verity's technology enables our subscribers to easily navigate through the pressplay service quickly and accurately, and leverage the breadth and diversity of music in our online catalog."
Pressplay, which launched its service in December 2001, offers its members the ability to stream, download and burn songs onto CDs from a vast online library that includes music from the world's three largest record companies - Universal Music Group, Sony Music Entertainment and EMI Recorded Music - as well as numerous independent labels. Pressplay enables subscribers to stream music, as well as build expansive, personalized music collections by continually adding downloaded tracks each month, which they can enjoy as long as they subscribe to the service. Pressplay also allows its members to create personal compilations by burning a certain amount of their downloaded tracks to CDs.
"Pressplay is blazing new ground in the online music marketplace, and we are proud that Verity's technology is a core component," said Anthony J. Bettencourt, president of Verity. "We've learned that online shoppers expect to find what they want within seconds, or they'll go somewhere else. Verity has more experience than anyone else in helping online music destinations and other online stores turn browsers into buyers by helping buyers search for and find what they want quickly and easily."
K2 Catalog - Helping Turn Browsers into Buyers
Pressplay will implement Verity's K2 Catalog technology. K2 Catalog offers a variety of features that made it the ideal solution for pressplay. For example, its "fuzzy search" capability helps customers find artists even when the name is spelled incorrectly or phonetically.
Verity K2 Catalog's scalability and fault-tolerance were also critical features for an online service expecting significant traffic. Brokered search ensures that load is distributed evenly across multiple servers, maintaining performance even as customers increase or in case of a hardware failure.
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 approximately 80 percent of the Fortune 50 and by more than 1,500 corporations in various markets. Customers include Adobe Systems, AT&T, Cisco, CNET, Compaq, Dow Jones, EDGAR Online, Cap Gemini 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 market.
This press release contains forward-looking statements relating to Verity and the expected performance of its K2 Catalog software in the pressplay Web site. Actual results are subject to risks and uncertainties including the risk that integration of the Verity software into the pressplay Web site 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 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.
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