Verity's New K2 Developer Provides Powerful Content Organization and Recommendation Capabilities for Enterprise Applications
Latest Offering for OEM Market Enhances Performance, Value of Business Software
SUNNYVALE, Calif - 2003-05-12 - Verity Inc. (NASDAQ: VRTY), a leading provider of enterprise software that helps organizations maximize the return on their intellectual capital investment, today announced the availability of Verity K2 Developer (K2D) release 5.0. This newest version of its platform is for independent software vendors (ISV's) that need to add discovery, organization and personalization capabilities to e-business applications such as content management, customer relationship management (CRM), supply chain management, portal infrastructure, online commerce, and other enterprise-level programs.
An important part of this latest release of Verity's market-leading original equipment manufacturer (OEM) technology is the Verity Organization Developer's Kit (ODK), a set of modular application programming interfaces (APIs) that can be integrated easily into enterprise applications whose performance and value will benefit from powerful content organization and recommendation capabilities. The Verity ODK offers a fast, effective way to add Verity's automatic classification, business rules and thematic mapping as well as recommendation capabilities to a wide range of business software.
"In enterprises around the world, we're seeing dramatic growth in the volume of unstructured and structured data generated by many types of enterprise applications. In addition, enterprise users are delving into that information more often and in more ways. These related phenomena place a profound demand on those applications," said Anthony J. Bettencourt, Verity's president and CEO. "Verity K2 Developer 5.0 lets ISVs add the ability to organize content in their business applications so users can quickly access the most relevant information, thus making their applications even more valuable to global enterprises."
"KANA has been a long-time customer of Verity. This latest release of the K2 Developer product with its enhanced Unicode Locale feature is important for a company such as ours with global customers who demand support for many languages used worldwide," said H.A. Schade, director of product management at KANA Software, Inc. "We are also very pleased with the potential provided by the advanced APIs in this release, especially the new ODK feature."
"Mission-critical" Content Organization
The Verity ODK allows taxonomies to be created, modified and reused easily to optimize the content's organization and improve search results. Categories of content can be automatically generated using Verity's patent-pending Logistic Regression Classification (LRC) technology, which, in turn, can be combined with human domain expertise to alter or augment the LRC-generated rules for even greater accuracy or to comply with specific business requirements.
"Moving beyond content availability to content intelligence is a pressing priority for developers of today's business applications," said Hadley Reynolds, director of research, Delphi Group, a leading market advisor. "An ongoing problem with many business applications is the failure to deliver a high level of context and relevance to the user. In offering this enhanced suite of development tools for their many OEM partners, Verity is accelerating the arrival of better discovery, organization, personalization and connection functionality across a wide range of industries."
Verity K2D can also scale to support both large volumes of content and numbers of users due to its multi-tiered parallel computing architecture. The K2D platform takes full advantage of advanced symmetrical processing and exploits the multi-threading and concurrency features of today's leading hardware platforms and software programs. In addition, Verity K2D allows programmers to work in a wide range of Web development languages and supports most enterprise-class operating systems, including Microsoft Windows NT/2000 as well as various forms of UNIX, including Linux.
Enhanced Recommendation Engine
This release of K2D also includes enhanced capabilities of Verity's Recommendation Engine, including recommendation of queries, category recommendations, federated recommendations, Open Navigation and Dynamic Taxonomies. Further, interfaces are now available to allow the editing of any entity, which enable ISVs complete control over the information managed within the Recommendation Engine.
With Verity's Recommendation Engine, an application can recommend individual documents or categories of documents as well as experts, communities of interest, and other user-defined entities, allowing Open Navigation of these assets. Federated recommendation provides users with recommended documents that are retrieved from various internal applications and external content repositories.
Dynamic taxonomies enhance Open Navigation by enabling the system to automatically analyze and recommend related categories. For example, in a healthcare organization, a user looking for a document on "flu" can be recommended the category "SARS", and the opportunity to navigate to other relevant information. Dynamic Taxonomies are especially appealing to e-commerce applications because administrators can use this unique Verity capability to facilitate cross-selling and up-selling through the recommendation of related categories to customers. Another functionality of Dynamic Taxonomies is the ability to allow individuals within an organization to create and share their own taxonomies and participate actively in the enhancement of the organizational taxonomies.
Rapid, Flexible Deployment
Verity K2D allows ISVs a choice of how it can be integrated into an application. The technology can either be easily attached to existing applications or fully embedded into new releases.
"This flexibility means software vendors do not have to adjust their release dates to meet the pressing need for better information organization and retrieval capabilities," Bettencourt said. "This is the sort of adaptability one should expect from Verity, an OEM leader in this technology."
Verity K2D is oriented toward integration with enterprise applications for global organizations. The product's new Unicode Locale feature supports more than 70 languages.
Verity Professional Services, the company's global consulting and technical support group, can work with an ISV's development team to ensure the integration of Verity K2D is fully optimized.
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.
This press release contains forward-looking statements relating to Verity and the expected performance of its K2 Enterprise software in the Kaiser Permanente's newly integrated Web site. Actual results are subject to risks and uncertainties including the risk that integration of the Verity software will 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 Verity's latest Form 10-Q 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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