People's Republic of China Ministry of Agriculture Selects Verity K2 Enterprise
Search and Classification Software to Improve Identification of Foreign Trade Opportunities
SUNNYVALE, Calif - 2004-07-13 - Verity Inc. (NASDAQ: VRTY), a leading provider of enterprise software that enables organizations to maximize the return on their intellectual capital investment, today announced that the International Trade Promotion Council of the People's Republic of China Ministry of Agriculture has selected Verity® K2 Enterprise (K2E) advanced search and classification software for use on its Internet Web site.
The International Trade Promotion Council is responsible for bringing together corporations in China and around the world to facilitate relationships and trade in agriculture. To do its job more effectively, the Council needed to be able to quickly and easily access the information on its Web site.
After a review of available software options, the Council chose Verity K2 Enterprise. "We found the search and classification capabilities of K2E to be very impressive. The software is able to serve our needs now and will meet our growing business requirements," said Hong Yang, the International Trade Promotion Council's deputy secretary general. "In addition, the Unicode Locale feature of the Verity software will allow for spidering and searching of content in both Chinese and English."
Verity's K2E will also be used by the Council to crawl through content dealing with agricultural matters on public Web sites operated by other countries, the United Nations and within China, and to index that information for quick, accurate search. Two sets of customer-defined taxonomies will be created, in Chinese and English, to organize collections of potential import-export agricultural products and trade opportunities for the Council.
"The implementation of Verity K2E will allow the International Trade Promotion Council of the Ministry of Agriculture to make better use of information to aid its efforts to foster international agricultural trade," said Hugo Sluimer, Verity's senior vice president of Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC) operations. "Verity is proud to be a part of this important initiative, and we are confident that Verity K2 Enterprise software will help the Council maximize the value of its intellectual capital."
About Verity
Headquartered in Sunnyvale, California, Verity provides software that enables organizations to maximize the return on their intellectual capital investment. The company's intellectual capital management (ICM) solutions provide integrated search, classification, recommendation, monitoring and analytics across the real-time flow of enterprise information, along with question and answer interfaces for effective online self-service. Other Verity ICM solutions capture content and drive automated business processes. Verity technology also serves as a core component of more than 260 applications from leading independent software vendors.
Verity software solutions are used by more than 11,500 customers in the private and public sectors. Customers include American Express, AT&T, Bristol-Myers Squibb, Cap Gemini Ernst & Young, Cardinal Health, Cisco Systems, EMC Documentum, Dow Jones, Financial Times, Hewlett-Packard, Home Depot, Lotus, Kaiser Permanente, META Group, SAP, Siemens, the State of California, Stellent, Sybase, the U.S. Departments of Energy and Justice, and the U.S. Army.
This press release contains forward-looking statements, designated by the use of the word "will," relating to Verity, the International Trade Promotion Council of the People's Republic of China Ministry of Agriculture's implementation of Verity K2E on the company's Internet site, as well as the expected benefits the Council will receive from utilizing Verity K2 Enterprise. Actual results are subject to risks and uncertainties, including the risk that integration of the Verity technology into the Council's Internet site will not occur as anticipated as a result of unforeseen technical difficulties; and the Council may choose to implement Verity K2 Enterprise differently or on a different timeline than Verity or the Council currently anticipates. These and other risks relating to Verity and its business and products are set forth under the caption "Risks Relating to Our Operations" in Item 2 of Verity's Form 10-Q filed with the Securities and Exchange Commission on April 12, 2004.
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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