Verity Announces Expanded Alliance with TIBCO Software
TIBCO To Offer Verity Search And Navigation Technology With TIBCO ActivePortal 4.0
SUNNYVALE, CA - 2002-04-15 - Verity, Inc. (NASDAQ: VRTY), a leading provider of infrastructure software that powers corporate portals and e-commerce sites as well as e-business applications, today announced an expanded alliance with TIBCO Software Inc. (NASDAQ: TIBX). Under the new agreement, TIBCO will integrate and provide to their customers Verity K2 Developer search and navigation technology with the TIBCO ActivePortalTM 4.0.
"With the launch of ActivePortal 4.0, we're taking a top-ranked portal platform technology to the next level," said Murat Sonmez, senior vice president of marketing, TIBCO Software. "An important aspect of this new release is comprehensive out-of-the-box search capabilities made possible by Verity K2 Developer technology."
Verity K2 Developer enables TIBCO to leverage the precision of Verity's market-leading search with the power of its K2 Architecture to better meet the portal infrastructure needs of customers.
"TIBCO is a company attuned to the needs of the marketplace it serves," said Mike Mooney, Verity's Vice president of North American Sales. "Customers wanted and TIBCO is delivering a fuller, easier to integrate portal platform solution, one that incorporates highly capable search and retrieval technology from Verity."
About TIBCO ActivePortal
TIBCO ActivePortal is a user integration platform that allows companies to give their employees, customers and partners a single, personalized interface into their businesses. Version 4.0 adds Web Services support, advanced integration with TIBCO's sophisticated workflow and business process management functionality, integral search and retrieval capabilities, as well as collaboration services.
About TIBCO Software Inc.
TIBCO Software Inc. (NASDAQ:TIBX) is a leading provider of total business integration solutions delivering infrastructure software that enables businesses to seamlessly integrate business systems in real-time. TIBCO technology was first used to digitize Wall Street and has since been adopted in diverse industries including financial services, telecommunications, electronic commerce, transportation, logistics, manufacturing and energy. TIBCO's global customer base includes 1,400 customers such as NEC, Dynegy, BP, eBay, US Bank, The Limited, Delta Air Lines, Philips, AT&T, Pirelli, Yahoo! and Cisco Systems. Headquartered in Palo Alto, California, TIBCO can be reached at 650-846-1000 or on the web at www.tibco.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 enhanc-ing 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 per-sonalized informa-tion 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 approximately 80 percent of the Fortune 50 and by more than 1,000 corpo-rations in various markets. Customers include Adobe Systems, AT&T, Cap Gemini Ernst & Young, Cisco, CNET, Compaq, Dow Jones, EDGAR Online,
Fair-Market, 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. 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.
All other trademarks are the property of their respective owners.
TIBCO, the TIBCO logo, The Power of Now, TIBCO Software, and TIBCO ActivePortal are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
This press release contains forward-looking statements relating to Verity and the expected performance of its K2 Developer software. Actual results are subject to risks and uncertainties, including the risk that integration of the Verity product into the TIBCO ActivePortal 4.0 platform 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.
Legal Notice Regarding Forward-Looking Statements: This release contains forward-looking statements regarding TIBCO's business, customers, markets served or other factors including the ability of products to meet customers' expectations, needs, or perform as described that may affect future earnings or financial results. TIBCO's actual results could differ materially from such forward-looking statements. Reasons for why actual results could differ materially include if the products are unable to successfully meet customers' expectations, needs, or perform as described. Additional information concerning factors that could cause TIBCO's actual results to differ materially from those contained in the forward-looking statements can be found in TIBCO Software's filings with the Securities and Exchange Commission ("SEC"), including but not limited to its most recent reports on Forms 10-Q and 10-K filed with the SEC on April 2, 2002 and January 30, 2002, respectively, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements including limited independent operating history, history of losses, unpredictability of future revenue, dependence on a limited number of customers, relationship with Reuters Group PLC, rapid technological and market changes, risks associated with infrastructure software and volatility of stock price. Copies of filings made with the SEC are available through the SEC's electronic data gather analysis and retrieval system (EDGAR) at www.sec.gov. TIBCO assumes no obligation to update the forward-looking statements included in this document.
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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