Verity and Digital Garage Establish Partnership to Sell and Support Verity Ultraseek in Japan
New Japanese Version of Verity Ultraseek Available to Digital Garage?s Customers
TOKYO, Japan and SUNNYVALE, Calif - 2003-04-28 - Verity, Inc. (NASDAQ: VRTY) today announced an agreement with Digital Garage, Inc. to allow the Tokyo-based firm to serve as a premier distributor of Verity® Ultraseek software, formerly known as Inktomi Enterprise Search (IES), in Japan.
Digital Garage represented IES prior to Verity's acquisition of the Inktomi Corporation's enterprise search business in December 2002. Headquartered in Sunnyvale, California, Verity is a leading provider of enterprise software that helps organizations maximize the return on their intellectual capital investment.
Digital Garage, a pioneering company in all phases of the Japanese Internet business, has been a long-time technology partner of Inktomi. Digital Garage first introduced the Ultraseek product to the Japanese market in 1997. Since then, the company has been instrumental in the success of the product in Japan, with customers including: CTC, the Hitachi Group, Japanese national government, Mitsubishi Group, NTT Group, Unisys, and major broadcasting companies as well as many other large organizations.
"Adding Ultraseek to the Verity product portfolio was an important step in our strategic growth plan," said Anthony J. Bettencourt, Verity's president and CEO. "Equally important is the need to ensure that current Ultraseek users continue to enjoy the same excellent level of service and support they've come to expect. Further, Verity intends to continue to develop Ultraseek in ways that should yield further benefits to current users. We are honored to partner with Digital Garage to continue providing Japanese's enterprise customers with award-winning Verity Ultraseek's advanced search capabilities, as well as professional technical support."
Verity has also announced today the immediate availability of the new version of Verity Ultraseek version 5.0.4 for Japanese customers. The new localized release offers enhanced features and functionality to Ultraseek customers, improving information retrieval within their organizations and increasing productivity. New features include advanced relevance and query capabilities, quick summaries, an enhanced administration user interface (UI) and expanded security.
"This is an exciting and important development for Ultraseek customers in Japan," said Kaoru Hayashi, Digital Garage's CEO. "They will be able to take full advantage of the very best in enterprise search solutions. Digital Garage is pleased to be able to work with Verity, the clear leader in this software category, in bringing those solutions to our customers."
About Digital Garage
With the motto of "bringing together corporations, people and information in an organic way," Digital Garage, headquartered in Shibuya, Tokyo, offers business strategy design and development of Internet and e-commerce business models, as well as the design, construction and operation of IT infrastructure, marketing, research and other services.
Founded in 1994, Digital Garage has extensive experience in search and retrieval technology, e-commerce engineers, content management, networking and other Internet applications systems. It has offered these services to major corporations in Japan.
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, Dow Jones, EDGAR Online, Financial Times, H-P, Home Depot, Lotus, META Group, SAP, Siemens, Stellent, Sybase, Time New Media and Timex.
The statements in this press release regarding the benefits that Verity expects its Japanese customers will receive from Verity Ultraseek and Verity's new relationship with Digital Garage 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. Other risks relating to Verity and its products are set forth under the caption "Risk Factors" in its Quarterly Report on Form 10-Q filed with the United States Securities and Exchange Commission on April 10, 2003.
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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