Verity K2 Enterprise Information Retrieval Software Successfully Integrated with Siebel eBusiness Applications
SUNNYVALE, Calif - 2003-02-24 - Verity, Inc. (NASDAQ: VRTY), a leading provider of enterprise software that helps organizations maximize the return on their intellectual capital investment, today announced that the integration between its K2 Enterprise (K2E) version 4.5 software and Siebel 7 has been validated by Siebel Systems. Siebel Systems, Inc. (NASDAQ: SEBL) is a leading provider of multichannel eBusiness applications software.
Verity K2E is enterprise software that enables global organizations to perform knowledge management activities better, realize a better return on their knowledge assets, and, as a result, make better business decisions. Siebel Systems provides organizations with a proven set of industry-specific best practices, CRM applications software, and business processes, enabling corporations to sell to, market to, and serve customers across multiple channels and lines of business.
This validated integration enables customers of Verity and Siebel Systems to improve operational efficiency and increase end customer satisfaction by effectively searching and organizing the data within their repositories. The result is a comprehensive relationship management infrastructure that drives profitability and minimizes cost.
"Verity K2E improves the ability of companies using Siebel 7 to discover, organize and connect both customer and company information for a sustainable competitive advantage," said Michael T. Zuckerman, Verity's vice president of marketing. "Verity K2E lets an organization improve the effectiveness of its Siebel eBusiness Application deployment through enhanced knowledge-enabled CRM, which can yield greater understanding, greater value, and greater customer relationships."
Verity K2E capabilities include basic and advanced search, enabling users to effectively retrieve relevant information. K2E includes parametric selection that allows the user to search structured and unstructured data. Verity's relational taxonomies feature enables simultaneous search of two or more taxonomies for powerful discovery capabilities. The validated integration also enhances the Siebel 7 environment through Verity's automatic classification technology for fast, effective organization and administration of relevant content.
"Verity K2 Enterprise augments the strength and value of Siebel 7," said Catherine Cherubino, Executive Director, Alliances, Siebel Systems. "K2E provides comprehensive knowledge management infrastructure that enhances the ability to effectively organize, classify, and efficiently search the information in Siebel eBusiness Applications to improve the return on investment delivered through CRM."
Siebel Systems forms alliances with proven technology leaders to deliver tangible business benefits throughout the enterprise. By choosing Siebel eBusiness Applications and validated partner solutions, Siebel Systems' customers can pursue a best-of-class software acquisition strategy. The Siebel Validation Program applies rigorous technical scrutiny to evaluate the integration of third-party solutions with Siebel eBusiness Applications. Integrations that meet the strict testing criteria are validated and documented by the Siebel Validation Program. Validation documentation is available on the Siebel Partner Directory at www.siebel.com/partners/dir/directory.shtm.
About Verity
Headquartered in Sunnyvale, Calif., Verity provides software solutions that help organizations maximize the return on their intellectual capital investment by utilizing Verity's industry-leading enterprise search, classification and personalization technologies. Verity software is used for sharing information within and between enterprises; for facilitating e-commerce sales; and for B2B activities on Web-based market exchanges. In addition, Verity technology serves as a core component of many leading e-business applications.
Verity products are used by more than 3,500 organizations in the private and public sectors. Customers include Adobe Systems, AT&T, Bristol-Myers Squibb, Cisco, Cap Gemini Ernst & Young, Documentum, H-P, Dow Jones, EDGAR Online, Financial Times, Home Depot, Lotus, META Group, SAP, Siemens, Sybase, Time New Media and Timex.
The statements in this press release regarding the benefits that Verity expects customers will receive from Verity K2 Enterprise 4.5 and its Siebel 7 validation 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; and the structure of certain customers' organizations may not be conducive to realizing on these benefits. 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.
Siebel is a trademark of Siebel Systems, Inc. and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
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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