Verity Listed in Leader Quadrant in the 2003 Search Engine Magic Quadrant
'Ability to Execute' Evaluated in Annual IT Research Study
SUNNYVALE, Calif - 2003-04-28 - A just-released report from Gartner, Inc. (NYSE: IT), an independent research and advisory firm, lists Verity, Inc. (NASDAQ: VRTY), a leading provider of enterprise software that helps organizations maximize the return on their intellectual capital investment, in the leader quadrant in "Ability to Execute" in the Gartner 2003 Search Engine Magic Quadrant.
In this latest annual analysis of the search engine marketplace, Verity's ability to execute was evaluated. To determine the positions in the Magic Quadrant, Gartner used a set of criteria to measure a vendor's ability to serve an organization's search needs, including its financial strength, prior success in the enterprise arena, pricing flexibility and appeal, as well as service leverage.
"The challenging economic environment in which organizations in the private and public sectors are now operating means the capability to deliver measurable return-on-investment is critical. For that reason, we are especially pleased to be cited once again by Gartner in the ‘Leader' quadrant in its Search Engine Magic Quadrant," said Anthony J. Bettencourt, Verity's president and CEO. "This 2003 study shows that Verity has extended its ‘ability to execute' over last year, a powerful testimony to the company's commitment to provide intellectual capital management solutions that yield higher employee productivity and greater browser-to-buyer conversion rates for customers world-wide."
According to Gartner, "Leader" quadrant vendors serve an enterprise's needs today and can also anticipate future needs. A key requirement of this is that "Leaders" must also have the resources and viability to respond to those anticipated needs. The Magic Quadrant analysis places specific vendors within one of four segments: "Leaders," "Visionaries," "Challengers," or "Niche Players." The 2003 Search Engine Magic Quadrant evaluated 21 companies, including Verity.
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 Magic Quadrant is copyrighted April 2003 by Gartner Inc. and is reused with permission, which permission should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner Inc.'s opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Gartner does not advise enterprises to select only those firms in the "Leaders" quadrant. In some situations, firms in the Visionary, Challenger, or Niche Player quadrants may be the right matches for an enterprise's requirements. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources including other published information and direct analyst interaction. Gartner Inc. expressly disclaims all warranties, express or implied, of fitness of this research for a particular purpose.
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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