BT Global Services and Verity Enter Reseller Agreement
SUNNYVALE, Calif - 2004-08-17 - 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 it has signed a reseller agreement with BT Global Services, BT's international business services and solutions division.
The deal allows BT to resell Verity® K2 Enterprise (K2E) advanced search, classification and personalization software, and Verity® Ultraseek®, powerful, downloadable enterprise search software, to BT customers either individually or as part of a broader application package. The agreement covers the UK and continental Europe.
As an information and communications technology (ICT) provider, BT Global Services offers integrated data and value-added services to meet the needs of multi-site organizations with European operations. Verity's inclusion under this ICT umbrella further enables BT Global Services to recommend a comprehensive intellectual capital management strategy to its customers and ensure smoother processes by working with one single vendor. Verity software is also being used to search, categorize and personalize information on BT's corporate intranet.
"We aim to partner with companies that provide the most scaleable, comprehensive and cost effective software in every category. BT has worked with Verity for over two years. We have a lot of experience with its products and regard it as a leader in its field. Bringing Verity on board through this reseller agreement will add significant value to our customers and our portfolio," says Marcus Saul, product manager, intranet applications at BT Global Services.
"One of the advantages that BT Global Services brings to customers is a unified approach to ICT, focused on providing customers with the best solutions and services to meet their needs," says Simon Atkinson, UK managing director for Verity GB Ltd. "We are excited about working more closely with BT to broaden our relationship.
About BT Global Services
BT Global Services is BT's business services and solutions division, serving customers worldwide. As an information and communications technology service provider, BT provides integrated data and value-added services to meet the needs of multi-site organizations with European operations. Extensive global service capabilities and strong strategic partnerships also enable BT to serve customers in all key commercial centers of Europe, North America and Asia.
The BT Global Services portfolio ranges from desktop and network equipment and software, transport and connectivity, IP-based e-business solutions, managed network services and systems integration to consultancy for complex global requirements.
With 17 years of experience in global account management, BT has more than 8,000 people based outside the UK, serving its target customers around the world.
For more information go to www.btglobalservices.com
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.
The statements in this press release regarding the benefits that Verity expects BT's customers will receive from its new partnership with BT Global Services and from its K2 Enterprise and Ultraseek products are forward-looking statements. These statements are subject to risks and uncertainties, including the risks that the anticipated 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. 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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