Latest Step in Growth Strategy Moves Company Further Into Business Process Management; Adds Leading Technology for Workflow, Business Activity Monitoring and BPEL Orchestration
SUNNYVALE, Calif. - 2004-12-16 - 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 signing and closing of its acquisition of Dralasoft Inc., a privately-held software company based in Westminster, Colorado. Dralasoft is a leading innovator of Java-based technology for Business Process Management (BPM) in operation since 2000 serving customers such as Xerox, General Dynamics and Sony.
For an all cash payment of approximately $8 million, Verity acquired Dralasoft, which became a wholly-owned subsidiary of Verity as a result of the transaction. Dralasoft's ongoing business includes its customer base and sales pipeline as well as its technology portfolio, consisting of component-based business process management solutions and business activity monitoring (BAM) software. It includes the award-winning flagship product, Dralasoft Workflow, a comprehensive enterprise BPM suite that features a high-performance and scalable orchestration engine with a suite of graphical tools including Dralasoft Workflow Studio, a best- of-breed visual design tool. In addition, Dralasoft Workflow is an embedded application found in many leading software products used in several vertical markets, such as manufacturing, government, retailing, telecommunications, defense, law, education, entertainment and agriculture.
As part of the transaction Verity is offering continued employment to all Dralasoft employees, including its founder, president and chief technology officer, Suresh Ramaswamy, who, in his new position as vice president of BPM strategy, will report to Mark Seamans, Verity's senior vice president of research and development.
With this acquisition, Verity intends to utilize Dralasoft's BPM technology as a means to better unify the capabilities of Verity's Intelligent Content Services and Content Capture/Process Automation offerings. Dralasoft is recognized by Gartner, a leading independent industry research firm, as a 'visionary' in the BPM market, which is seen by Verity as poised for high-growth. Among the factors contributing to this strong growth potential is the increasing role that BPM has in regulatory compliance, such as Sarbanes-Oxley regulations.
"Verity intends to broaden its presence in the BPM market while integrating the Dralasoft technology with our Intelligent Content Services and Content Capture/Process Automation products," said Anthony J. Bettencourt, Verity's president and chief executive officer. "We will harness the power and skill of our global sales and professional services organizations in an effort to accelerate sales of Dralasoft's highly-regarded BPM and BAM products to Verity's 11,500 customers. This transaction represents the next phase of our corporate growth strategy to bring the exceptional performance and value of Verity Intellectual Capital Management to the entire information process flow of every size and type of enterprise."
Companies making use of Dralasoft technology on an OEM basis include Xerox, Hummingbird, Kronos, and Verity. Verity's integration of Dralasoft's BPM technology into the Verity LiquidOffice platform was completed and shipping in 2003 and has been commercially deployed by numerous Verity customers. "One benefit of this transaction is what Dralasoft's customers will realize: Verity's ability to make strong products stronger and develop new capabilities to better deal with the ever-growing challenge of managing structured and unstructured data," Ramaswamy said. "All of us at Dralasoft are excited and proud to be part of the world-class Verity team."
Dralasoft products provide customers the ability to quickly and smoothly integrate workflow technology into Java-based systems. They are highly effective, high performance solutions for information and process integration based on the BPEL, XML, SOAP, LDAP, HTTP and JDBC standards.
Dralasoft Workflow Engine is a highly optimized runtime Java component providing the business process orchestration capabilities needed in a mission-critical production environment and is the core component of the Dralasoft Workflow solution.
Dralasoft Workflow Studio is a visual process modeling environment for developing workflows by dragging and dropping predefined tasks. The Studio offers the ability to model complex workflows including sub-workflows, attach data as attributes, and launch and test workflows, all without programming. Due to its flexibility and intuitive interface, the Studio can be used by programmers and business analysts alike. The Studio simplifies and accelerates the creation of business processes automated by workflow; thereby reducing the amount of time spent developing and maintaining business processes.
Dralasoft Workflow Manager provides monitoring and management services to support mission-critical deployments, offering complete control and insight into the activity of executing workflows. Dralasoft Workflow Manager also provides tools to monitor the health of the Workflow Engine and individual or collaborative workflows. Business Activity Monitoring functionalities that provide a higher-level abstraction and insight into workflows are included in the form of process analysis and bottleneck detection tools.
The recently introduced Dralasoft BPEL (Business Process Execution Language) Orchestrator provides extensive tools to build and automate business processes that use Web services based on the BPEL4WS standard. The availability of the BPEL Orchestrator as well as a BAM component underscores the completeness of the Dralasoft BPM offering while distinguishing it from niche workflow products.
Verity expects the Dralasoft acquisition to be accretive within the fourth quarter of its current fiscal year. The company will offer details on re-branding initiatives as well as service and maintenance programs shortly. Verity will immediately market the Dralasoft products through both its direct and OEM sales organizations.
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.
The statements in this press release regarding the benefits Verity expects it and its customers will obtain from the acquisition of Dralasoft, Verity's intent to move quickly and aggressively to achieve a much broader presence in the BPM market, Verity's beliefs as to the financial effects of the acquisition, and Verity's intent to immediately market and accelerate sales of Dralasoft's products are forward-looking statements that involve risks and uncertainties that could cause actual results to differ from these forward-looking statements. Such risks and uncertainties include, without limitation: the potential difficulties and uncertainties in the assimilation of technologies, methodologies and products of Dralasoft into Verity's products; the risk of loss of key personnel Verity expects to hire from Dralasoft; diversion of management attention from other business concerns; and the risk that the integration of the potential benefits of Dralasoft technology and personnel into Verity will not be successful due to company culture or other issues. As a result, actual results may differ substantially from Verity's expectations. 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 Part I of Verity's latest Form 10-Q, filed with the Securities and Exchange Commission on October 8, 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.
Summary: ...continues, “Our next wave of IP-based telecommunications applications will drive people to the Internet in increasing numbers. Customers will expect a richer experience on the web and we must be well-poised to accelerate the speed at which we introduce new products and services to them via online channels....
Summary: ...frm, specializes in consulting on and implementation of Enterprise Content Management (ECM) and Business Process Management (BPM) solutions, with specifc expertise in Interwoven WorkSite and Metastorm BPM suites. To learn more, please visit www.spectra-ita.com.
...
Summary: ...a Distributed Web Presence with Autonomy Like other educational enterprises, Education Management Corporation (EDMC) relies on the web as an increasingly vital channel for reaching prospective students. “For our business, topline growth depends on student acquisition, and we’ve found that leads generated...
Summary: ...reinsurance, and human capital consulting services. With roots dating back more than 120 years, Aon has grown exponentially over the years. Throughout the 1980s and 1990s, strategic acquisitions and organic growth fueled Aon’s rapid expansion in the global insurance marketplace. The company—which...
Summary: ...Process Automation On the recommendation of Autonomy partner Hershey Technologies, the County of San Diego selected Autonomy's BPM solutions to cut costs and boost efficiency in several departments including HR and Agriculture Weights and Measures. Autonomy Process Automation is now hosted on the County’s...
Summary: ...and I knew this was a good opportunity to invest in a longterm, proven solution like theirs,” he says. Due diligence confirmed this opinion. With support from its IT department, Intermec’s marketing team decided to leverage the expertise of an external consultant to build a world-class wb presence...
Summary: ...evolving work practices. “In our Firm, technological innovation has been driven by litigation, but now, our transactional group is working on such large projects that the typical deal room infrastructure is becoming inadequate,” Karnick says. “WorkSite gives us a better way to manage the flow of...
Summary: ...is a supply chain and contact center outsourcing partner supporting global brands like IBM, HP, Nokia, Raytheon Aircraft Company, CHiA'SSO, Smithsonian Business Ventures, Xerox, ROOTS, Flavia (a division of Mars, Inc.), and many others. The company has an extensive offering of world-class logistics, fulfillment,...
Summary: ...Cardiff Case Study, Napa County. LiquidOffice accelerates processes, facilitates faster and more accurate response times, and dramatically reduces the cost of paper copying, faxing, mailing, filing and storage. For example, the County’s personnel action requests can be processed in less than two days...
Summary: ...Case Study: Prologue Research. www.cardiff.com patient participating in the clinical trial. As the study progresses, researchers complete the appropriate case books. As they are completed, the pages are immediately faxed to Prologue where the data is passed from RightFax servers to the TeleForm optical...
Summary: ...Leon County Schools - Case Study. POWER PROMOTE PROTECT Leon County Schools Leon County Schools use Autonomy Process Automation and Xerox Document Centre to speed reimbursement. With Process Automation, there’s less paper and a faster return on investment. Leon County Schools serves the greater metropolitan...
Summary: ...for disaster inquiries. Disaster Welfare Inquiry (DWI) is one of the five American Red Cross functions (in addition to Mass Care, Family Service, Disaster Health Services, and Disaster Mental Health Services) offering direct assistance to people affected by a disaster. DWI specifically helps people outside...
This is a small selection of the Autonomy case studies available, please visit our publications site at http://publications.autonomy.com/ for more information.
Summary: ...process fows that interface with multiple Web services to accomplish a business objective. The LiquidBPM BPEL Orchestrator is the first implementation of the BPEL4WS standard that is based on a proven core engine and that includes a comprehensive toolset for design and monitoring. Cardiff LiquidBPM BPEL...
Summary: ...real-time assistance, evaluation, survey, and training modules to ensure that your business delivers true quality performance. Autonomy Qfiniti delivers: • Extensive monitoring functionality with multiple call acquisition options including record-on-demand and live monitor • Intelligent monitoring...
Summary: ...templates. Custom form elements can be created and saved into the Gallery, facilitating corporate standards for forms creation and design. Process Orchestration Structured Business Processes Powered by intuitive drag-and-drop technologies, LiquidOffice accelerates the design and execution of structured...
Summary: ...environment enabling business users to define processes that involve enterprisewide information, human and automated tasks. These processes are orchestrated in Autonomy’s fully scalable process engine. Modeling processes in this way allows you to: • Set-up rules, deadlines, and alerts to enforce industry...
Summary: ...modeling and simulation environment enabling business users to define processes that involve enterprisewide information, human and automated tasks. These processes are orchestrated in Autonomy’s fully scalable process engine. Modeling processes in this way allows you to: • Set-up rules, deadlines,...
Summary: ...push architecture. Extend BPM to BlackBerry Smartphones to: • Remove the requirement to be near a desktop to review and approve forms and business process steps • Accelerate processes and shorten cycle times with anytime-anywhere review and approvals • Deploy enterprise-wide mobile business processes...
Summary: ...monitor clinical case flow to provide immediate epidemiology at local and national levels while using Autonomy's mapped security model to prevent breaches. Advanced visualization analysis of suggested diagnoses Auminence provides a visual analysis of the relationship between suggested diagnoses and their...
Summary: ...Airport monitoring to identify suspicious behavior or unattended luggage Electronic Point of Sale (EPOS) Monitoring Virage provides high quality EPOS monitoring and DVR in one powerful package. The system detects and deters fraudulent activity at the point of sale by monitoring user-defi ned transactions...
Summary: ...into visible and actionable data • Compliance and visibility with automatic audit logging of all activity and information •Im prove control of operations and cash flow by accelerating business cycle •Ga in advantageous financial terms based on improved accuracy and productivity • Enhance records...
Summary: ...information into visible and actionable data • Complian ceand visibility with automatic audit logging of all activity and information • Improve control of operations and cash flow by accelerating business cycle • Gain advantageous financial terms based on improved accuracy and productivity • Enhan...
Summary: ...Detection Autonomy Virage's Automatic Copyright Infringement Detection (ACID) is a revolutionary, one of a kind solution that enables copyright owners such as broadcasters, production houses and publishers to maintain control of their intellectual property allowing them to automatically detect the illegal...
This is a small selection of the Autonomy Product Briefs available, please visit our publications site at http://publications.autonomy.com/ for more information.
Summary: ...from re-examining their core business processes and creating value through driving effciency across people, processes, and systems utilizing workflow-based BPM technology. The following series of steps summarizes how you can get your BPM effort underway. 1. Enumerate business processes 2.
...
Summary: ...a solution that was truly turnkey in order to meet our rapid implementation requirements,” said Yaiying Siritanapivat, director of data processing operation division at NSO. “The strong reputation of TeleForm, Cardiff’s Consulting Services Division, and its strong local partner, PSP, gave us the...
Summary: ...technology roles including development of enterprise architecture for Qwest Communications and design of electronic CAD applications at Mentor Graphics. SURESH RAMASWAMY VICE PRESIDENT OF BPM STRATEGY AUTONOMY CARDIFF SANDRA ROGERS is currently focused on enterprise architecture and SOA trends impacting...
Summary: ...Intelligent Documents. Better BPM. Cardiff White Paper Intelligent Documents. Better BPM A Guide to Accelerating Your Most Demanding Business Processes Intelligent Documents. Better BPM 1 Intelligent Documents. Better BPM A Guide to Accelerating Your Most Demanding Business Processes July 2006 Table of...
Summary: ...unable to share data. That is why leading healthcare companies use Cardiff’s BPM solutions to discover, analyze and process information. Cardiff enables health professionals to get accurate and up-to-the-minute access to research, regulatory interpretations, medical histories, and the real-world experience...
Summary: ...Squeezing More Value Out of Data Warehouses through the Power of Database Compression. Squeezing More Value Out of Data Warehouses through the Power of Database Compression Using the power of data compression to lower data warehouse ownership costs and accelerate performance. Copyright Vertica Systems...
Summary: ...They will be able to bring their solutions to market with much less risk and cost by basing them on the cloud during the early stages of growth. The companies can use the hundreds of thousands of dollars saved on in-house data center development to invest in customer acquisition, product development,...
Summary: ...Autonomy User Experience White Paper. Plus, its integration of Autonomy's market-leading enterprise search makes LiquidOffice the first and only BPM solution that enables real-time access to, and use of, time-sensitive content throughout the process lifecycle. As a result, LiquidOffice provides an outstanding...
Summary: ...filing systems, and both their past work product and their intellectual capital are essentially lost to the firm. ■ Rising client expectations—The instant-access culture of the Internet has bred a new attitude among clients, who now expect more frequent and complete information on their projects/...
Summary: ...companies Autonomy has helped achieve marked bottom line results. Getting Started In today’s environment, enterprises are expected to have a presence online. But for forward-thinking enterprises, simply deploying a website is not enough. Technology exists to optimize both traffic acquisition and visitor...
Summary: ...multi-system gaps that complicate and extend the risk assimilation and analysis process. Alternative Approaches The task of reviewing and assimilating the alerts generated from multiple teams is complicated by relying on traditional, lexicon-based monitoring solutions that generate large numbers of “false-positives.”...
Summary: ...of the US by 2003 • The Gartner Group forecasts even sharper growth: $7.3 trillion in total global B2B esales transactions by 2004, with 61% coming from outside the US. As companies realize the value of presenting their sites to global markets, the dominance of the English language is set to decline....
This is a small selection of the Autonomy White Papers available, please visit our publications site at http://publications.autonomy.com/ for more information.
Related Case Studies
