GSI Commerce Selects Verity K2 Catalog for its E-Commerce Platform
SUNNYVALE, Calif. - 2002-12-17 - Verity Inc., (NASDAQ: VRTY), a leading provider of infrastructure software that powers corporate intranets and e-commerce sites as well as e-business applications, today announced that its advanced search software, Verity K2 Catalog, has been selected for use by GSI Commerce, a leading outsource solution for e-commerce, on its Web technology platform.
GSI Commerce develops and operates e-commerce businesses for retailers, branded manufacturers, media companies, television networks and professional sports organizations. The GSI Commerce platform includes Web site design and development, e-commerce technology, customer service, fulfillment, merchandising, content development and management, and online and database marketing. GSI Commerce, Inc. was formerly known as Global Sports, Inc.
Commenting on Verity's search software, Robert Chea, GSI Commerce's chief technology officer said, "An important part of our business is the quality of the search technology integrated into our Web platform. We believe that having Verity provide the search component enhances our solution."
"GSI Commerce is a remarkable organization, responsible for the care and nurturing of some of America's most recognized consumer brands on the Web," said Michael T. Zuckerman, Verity's vice president of marketing. "We are excited to work with GSI Commerce and become an important component of their platform."
About Verity
Headquartered in Sunnyvale, Calif., 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 intranets used for sharing information within an enterprise; e-commerce sites 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, Cap Gemini Ernst & Young, Cisco, CNET, Compaq, Dow Jones, EDGAR Online, FairMarket, Financial Times, Globe and Mail, Home Depot, Lotus, SAP, Siemens, Sybase, Time New Media and Timex.
This press release contains forward-looking statements relating to Verity and the expected performance of its software in the GSI Commerce applications. Actual results are subject to risks and uncertainties, including the risk that integration of the Verity software into the GSI Commerce applications 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 under the caption "Risk Factors" in its latest 10-K 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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