Verity and eFORCE Partner to Co-Market Integrated Portal Solution to the Healthcare Market
SUNNYVALE and HAYWARD, Calif. - 2004-09-21 - Verity Inc. (NASDAQ: VRTY) and eFORCE Inc. (www.eforceglobal.com) today announced an agreement to provide healthcare organizations with an integrated portal solution designed to lower costs and increase information exchange. The agreement calls for both companies to co-market and co-sell their respective technologies to each other's client base in the healthcare arena.
A global system integrator with development centers in the U.S., U.K. and India, eFORCE provides a secure, easy-to-deploy portal solution enabling healthcare providers to better manage collaboration with their patient's insurers. The company's Web-based self-service portal supports the electronic processing of eligibility, claims, and benefits, and draws on eFORCE's experience implementing leading portal technology from BEA Systems, IBM, Sun Microsystems, and Microsoft at its Global 2000 clients. With this agreement, joint customers will be able to leverage Verity® K2 Enterprise's advanced search, classification and recommendation capabilities within a portal framework consisting of repeatable processes, methodologies and technology deployed using the eFORCE Global Delivery Model™.
The eFORCE portal solution when coupled with Verity K2 Enterprise will enable healthcare providers to better manage and locate their mission critical information to do their jobs more effectively. The eFORCE portal is currently being used by leading health plans and physicians to improve collaboration, streamline operations, and reduce operating costs. Insurers using the portal have been able to establish themselves as a business partner of choice, creating stronger bonds between their plan and providers, and increase per case profitability. Improved quality and efficiency of care to patients are also important downstream benefits of the eFORCE Web-based Self-Service Portal.
"Our partnership with Verity will enable the eFORCE Web-based Self-Service Portal to become an even more effective tool for intellectual capital management that can be utilized by healthcare administrators to improve interactions with insurers, reduce operational costs, and ultimately, better meet the needs of patients," said John Hitchcock, vice president of marketing and alliances at eFORCE.
Verity K2 Enterprise's advanced search, classification and recommendation capabilities can enable users to quickly and easily search, browse and retrieve any content within the eFORCE portal. In addition, the Verity solution's real-time indexing capability can enable users to search and retrieve this information as soon as it is created or modified, resulting in improved communication of information and knowledge.
"eFORCE is an outstanding Verity partner in the healthcare market," said Brian Bennett, Verity's vice president of channel sales. "Our alliance with eFORCE is designed to help healthcare insurers and providers achieve faster ROI through automating formerly manual processes using web-based self-service technology. By integrating the enhanced search, classification and recommendation capabilities from Verity with eFORCE's Web-based Self-Service Portal Solution, joint healthcare customers now have a effective system for managing their intellectual capital."
About eFORCE
Utilizing the Global Delivery Model, eFORCE specializes in the design, development, migration/modernization, maintenance and support of IT products and solutions in the areas of enterprise portals, digital information management, customer relationship management, enterprise application integration, business intelligence and enterprise infrastructure. Combining expertise in business architecture, technical architecture, design, deployment and maintenance, eFORCE delivers production-scale products/solutions that result in measurable ROI. eFORCE customers include leading Global 1000 end-users such as Alcatel, AT&T, Avaya, Baker Hughes, Bank of America, DHL, Fleet Bank, France Telecom, GE Capital, Hilton, HP, Janssen, Janus, Mazda, Mitsubishi, Novartis, Viacom, and Visa; and innovative Software Product companies such as Annexient, BEA Systems, Checkfree, GMS360, eTeam, Infonet, Matrics, MatrixOne, Netbrowser, Reuters and WorldGroup. eFORCE delivers solutions based on best-in-class enabling technologies such as ATG, BEA Systems, BroadVision, Documentum, E.piphany, HP, IBM, Interwoven, Mercury Interactive, Netegrity, Plumtree, Savvion, Siebel Systems, Sun Microsystems, Microsoft, Oracle, SeeBeyond, Stellent, TIBCO, Verity and webMethods.
eFORCE (www.eforceglobal.com) is headquartered in Silicon Valley. The company has development centers in North America, Europe and India, and, through its Global Delivery ModelTM, provides both onshore and offshore design and development as well as full lifecycle deployment, maintenance and support.
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, and the U.S. Departments of Energy and Justice.
This press release contains forward-looking statements regarding the benefits that Verity expects its customers will receive from its partnership with eFORCE. These statements are subject to risks and uncertainties, including the risk that: the benefits may not be obtained due to technical or other reasons; the structure of certain customers' organizations may not be conducive to realizing these benefits; and the risk that eFORCE may not perform under the agreement as Verity expects it will. 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 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.
Verity Editorial Contacts:
Winifred Shum
Verity, Inc.
(408) 542-2363
wshum@verity.com
Steve Hoechster
ElsterGroup
(646) 495-5401 or (914) 393-9219
shoechster@elstergroup.com
eFORCE Editorial Contact:
John Hitchcock
eFORCE, Inc.
(415) 608-1835
jhitchcock@eforceglobal.com
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