Verity Introduces Customizable Industry and Enterprise Taxonomies
First in a Series of Verity Taxonomies to Allow More Effective Content Organization
SUNNYVALE, Calif - 2003-11-17 - 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 its initial Verity Taxonomies, six customizable classification structures that will speed and simplify the organization and management of content in large-scale global enterprises.
"Verity Taxonomies are the newest content organization enhancements that we are offering organizations with Verity K2 Enterprise software at the heart of their intellectual capital management systems to help them categorize information even faster, with greater ease and in a way that can yield more relevant search results," said Sunil D. Nagdev, senior vice president of professional services at Verity. "In creating these taxonomies, Verity drew on highly regarded and open source thesauri and industry standard taxonomies as well as the company's considerable experience in knowledge engineering, the process of building taxonomies."
The six Verity Taxonomies are based on open industry standards, and built using the same query language used in Verity K2 Enterprise content organization products. Each of the taxonomies, together with Verity classification solutions that combine both automation and domain expertise, are designed to provide an enterprise's taxonomy project with a head start to deliver extremely accurate and relevant content organization to enhance the value of the enterprise's intellectual capital. More importantly, Verity Taxonomies are also customizable by customers to serve their unique business requirements, both enterprise-wide and departmental. This customization can be performed by an enterprise's administrator, or by Verity Professional Services.
Enterprises that choose to engage Verity Professional Services can also combine Verity Taxonomies with the Verity Data Discovery Program, to ensure that each of the taxonomies fits seamlessly with the enterprise's content-driven processes as well as with its corporate taxonomies. The Verity Data Discovery Program aims to give enterprises an analysis of the information that is contained in the various repositories across the enterprise, with the goal of enabling better use of the information in a cost-effective manner. This program takes advantage of Verity K2 Enterprise's Thematic Mapping feature to map data to company-specific taxonomies. This particular part of the process frequently discovers unknown information assets. The Verity Data Discovery Program can also recommend a taxonomy structure for those organizations that have not implemented a corporate-wide taxonomy. Whether the new taxonomies are generated by Thematic Mapping or recommended by Verity Knowledge Engineers, they can quickly and easily be augmented with the categories and category-definitions of Verity Taxonomies.
Verity Taxonomies include:
Verity Pharmaceutical Taxonomy - The National Library of Medicine's MeSH (Medical Subject Headings) taxonomy has been converted to a Verity taxonomy file with Verity business rules. This open source resource is seen by experts as the industry standard. It is a comprehensive taxonomy with over 300,000 terms and topics such as "inorganic chemicals," "anatomy & physiology," "chemical actions," "amino acids, peptides, proteins," "therapeutics," and many more.
Verity Defense Taxonomy - The foundation of this taxonomy is the Defense Technical Information Center (DTIC) thesaurus published by the U.S. Department of Defense. It provides a multidisciplinary vocabulary that includes nearly 12,000 topics, such as "communications," "guided missile technology," "navigation," "detection" and "countermeasures." In addition, the DTIC thesaurus provides extensive information on general topics such as "chemistry," "physics," and "atmospheric sciences." Verity knowledge engineers have converted these into categories defined by Verity business rules to enable governmental and non-governmental organizations to take advantage of the years of the Department of Defense's expertise represented in the DTIC taxonomy.
Verity Homeland Security Taxonomy - Verity's knowledge engineers have built an extensive taxonomy covering virtually all security and homeland defense issues. Based on direct experience solving content organization issues for intelligence agencies in the U.S. and around the globe, this Verity taxonomy includes more than 700 categories on broad topics such as "foreign terrorist organizations," "weapons of mass destruction," and "border and transportation security," as well as narrower subjects like "passenger list," "cargo security," "biometric systems," and "contamination control."
Verity Human Resources Taxonomy - Verity engineered this taxonomy to provide an effective method of grappling with complexities of medical, dental and vision care benefits, personnel practices, privacy issues, salary management as well as risk management among other matters of concern to human resources departments or entire organizations.
Verity Sales & Marketing Taxonomy - This Verity-crafted taxonomy can allow organizations to bring more order and effectiveness to their selling processes. It is a collection of the full range of topics associated with sales and marketing, from product nomenclature, features and functions, rates or pricing, geographies, distribution arrangements and more.
Verity Information Technology Taxonomy - Targeted for companies offering IT products and services, this Verity-produced taxonomy gives engineers, sales and operations managers of a high tech company ready access to its internal and external information sources. It includes a wide variety of mission-critical IT topics, including operating systems, DSL, IT security and storage area networks.
"Verity is committed to provide updates to these taxonomies on a regular basis to ensure the categories and the business rules that define them remain up-to-date," Nagdev said. "These initial six Verity Taxonomies are part of Verity's ongoing objective to help our customers better manage their intellectual capital."
Verity has also established strategic partnerships with leading taxonomy vendors to provide additional vertically oriented taxonomies and consulting services to meet Verity customers' unique business requirements.
For more information on these six Verity Taxonomies, visit
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, Cap Gemini Ernst & Young, Cisco, 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 new taxonomies and the Data Discovery Program, as well as the expectation that Verity will provide additional taxonomies in the future. Actual results are subject to risks and uncertainties including the risk that integration of the Verity taxonomies and the Data Discovery Program into enterprise applications will not perform as anticipated as a result of unforeseen technical difficulties. These and other risks relating to Verity and its business and products are set forth under the caption "Risk Factors" in Item 1 of Verity's latest Form 10-K filed with the 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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