Verity Inc. Named to Software Magazine's 22nd Annual "Software 500"
Software Magazine Ranks Verity one of the World's Largest Software Companies
SUNNYVALE, Calif - 2004-09-28 - 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 once again been recognized as one of the leading software companies in Software Magazine's 22nd Annual "Software 500" list. The "Software 500" is featured on the publication's Web site (www.softwaremag.com).
"The software industry remains extremely dynamic, with 140 new companies appearing on the 2004 "Software 500" list," said John P. Desmond, editor of Software Magazine and Softwaremag.com. "We are pleased to see Verity continue as a perennial on the list and applaud its strong revenue performance in a challenging market."
The "Software 500" is a revenue-based ranking of the world's largest software and services suppliers targeting enterprise IT organizations. The list includes both private and public companies; 30% of the 2004 Software 500 companies are private. The "Software 500" is a worldwide list in that any company may submit financial and product information via the annual "Software 500" survey, conducted 100% on the Web.
"We are honored to be recognized by Software Magazine on its "Software 500" list this year," said Anthony J. Bettencourt, Verity's president and chief executive officer. "It is a reflection of the value companies place on Verity's intellectual capital management solutions and of the capabilities and commitment of Verity's talented and innovative employees worldwide."
The "Software 500" ranking is based on total worldwide software and service revenue for 2003. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents.
About Softwaremag.com, The IT Software Journal
Softwaremag.com, The IT Software Journal, is the Web publishing effort of Software Magazine, a brand name in the industry for over 20 years. Softwaremag.com is the online catalog to enterprise software and the home of the "Software 500" ranking of the world's largest software and services companies, now in its 22nd year. Software Magazine and Softwaremag.com are owned and operated by King Content Co., the Web content development and publishing firm run by John P. Desmond.
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.
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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