New Verity Extractor Identifies High-Value Patterns in Diverse Content
Integration with Search, Classification and Recommendation Technologies Enhances Performance, Accuracy and Value of Intellectual Capital Management Systems
SUNNYVALE, Calif. - 2004-09-20 - Verity Inc., (NASDAQ: VRTY), a leading provider of enterprise software that enables organizations to maximize the return on their intellectual capital investment, today announced the availability of Verity® Extractor 1.0, software that identifies and extracts concepts, patterns and entities in the diverse content distributed across an organization. It is the first such Verity product that integrates directly with the company's enterprise-class search, classification and recommendation technologies, making unstructured content more meaningful, valuable and actionable.
"Verity Extractor is designed from the ground up to seamlessly integrate with our search, classification and recommendation technologies. Each component is optimized to work together, enhancing the performance, accuracy and value of our customers' intellectual management systems," said Anthony J. Bettencourt, Verity's president and chief executive officer. "Verity Extractor is the latest evidence of Verity's unswerving commitment to provide ever-better-performing intellectual capital management systems for global organizations in the public and private sectors."
Enhances Search Relevance
The ability to discern and then act on such high-value patterns is enhanced dramatically by Verity Extractor's integration with Verity search tools that are designed to take advantage of the extracted entities. The tools include combinations of Parametric Selection, fielded search and full-text search that use the extracted entities to enhance search relevancy.
This is especially useful in "entity-intensive" settings such as the healthcare field. Verity Extractor improves the relevancy of a full-text search by analyzing that text for meaning. For example, Verity Extractor identifies entities found within the unstructured content of a secure medical messaging system, such as doctors' names, hospitals, insurance plans, health histories and dates. All are tagged so that when a hospital administrator searches for a doctor's referral letter for a given patient, only the records of that individual will be returned, not anything relating to doctors with the same name as the patient, or patients with the same name as the doctor.
Verity's Parametric Selection is a useful tool for locating information on e-commerce sites and enterprise situations benefiting from attribute-driven selection criteria. However, this drill-down navigation requires structured information, typically from a database or an XML document. Verity Extractor adds structure to information sources without tags or field data, such as product overviews, to take full advantage of Parametric Selection, which enhances search relevance and extends the availability of new unstructured content.
Verity Extractor is a powerful tool in improving the accuracy of automated classification, making taxonomies easier to deploy. By using entities in addition to words and phrases, machine-learning algorithms are better able to match documents to categories.
Entities identified by Verity Extractor can also be used to enable Verity faceted taxonomies, a capability that permits browsing through multiple taxonomies simultaneously, to locate the information intersection. Finding the relationships between the entities is made faster, more accurate and valuable with Verity Extractor in such areas as insurance, risk management or counter-terrorism analysis.
Makes Content Actionable
Verity Extractor's ability to add structure to unstructured content means it can be stored in and managed by databases. This increases the content's value by making it actionable by other enterprise applications such as enterprise resource planning, customer relationship management, human resource, business intelligence and other systems for further evaluation and processing.
The most common information entities are ready to deploy out-of-the-box with Verity Extractor. They include: names of commercial organizations, people, places, postal/Internet addresses, phone numbers, dates, times, numbers, prices and amount of currency, Imperial and metric measures, Social Security numbers, job titles and holidays. Along with the provided entities, Verity Extractor also permits custom entities to be easily built and deployed to meet specific objectives such as part numbers in a manufacturing system, buy and sell ratings in equity research applications and the names of suspected terrorist organizations in security, defense and intelligence systems.
Integration with K2 Enterprise Search
A valuable aspect of Verity Extractor's integration with Verity search, classification and recommendation technologies is its scalability alongside Verity K2's proven architecture. This serves to further protect an organization's software investment as content grows, its information environment evolves and business requirements change. For rapid implementation, Verity Extractor offers C and Java APIs.
The basic Verity Extractor product package starts at $60,000. More information on the new software can be found at www.verity.com/extractor.
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, Lotus, Kaiser Permanente, META Group, SAP, Siemens, the State of California, Stellent, Sybase, and the U.S. Departments of Energy and Justice.
The statements in this press release regarding the benefits that Verity expects its customers will receive from Verity Extractor 1.0 are forward-looking statements. These statements are subject to risks and uncertainties, including the risk that: the benefits may not be obtained due to technical or other reasons; and the structure of certain customers' organizations may not be conducive to realizing 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 1 of Verity's Form 10-K filed with the United States Securities and Exchange Commission on August 13, 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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