Commerzbank Selects Verity's Advanced Search Technology for Enterprise-Wide Deployment
Leading German Bank Builds Customer-Focused Web Initiative Around Verity K2 Enterprise
SUNNYVALE, Calif. - July 12, 2005 - Verity Inc., (NASDAQ: VRTY), a leading provider of enterprise search software that enables organizations to discover, analyze and process all of the digital information within their enterprises, today announced that Commerzbank, the third largest bank in Germany, has selected Verity® K2 Enterprise (K2E) for advanced search and categorization capabilities on its corporate Web site.
With the increasing amount of information on the bank's Web sites, Commerzbank recognized the need to consolidate its content under one umbrella. Verity K2E was selected as a key component of Commerzbank's customer-focused Web initiative to allow its customers to access all of the bank's Web sites information from one single point.
After a detailed evaluation of the available search solutions in the market that included analysis of security, performance, multilingual, classification and personalization capabilities, the German financial services firm selected Verity.
"Verity's K2E provides a personalized and secure access point to Commerzbank Group's knowledge, making a reality of our desire to bring together central tasks for the whole company while allowing specific definition of content as it applies to each business unit," said Willi Sonntag, Commerzbank Group's director of communications.
Verity K2E is an effective search solution that enables Commerzbank's users to locate information on its Web site quickly and easily. The product's advanced categorization capability also allows each of the bank's business units to organize its content to meet its unique business requirements, through the use of business rules for each business area. Bank personnel found that this capability significantly enhances the relevance of the search results.
"Commerzbank recognized its Web site as a crucial source of information for its customers and realized the importance that an effective advanced search tool plays in that success," said Hugo Sluimer, Verity's senior vice president of Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC) operations. "We are pleased that Commerzbank has chosen Verity software to play a key role in its online initiative and look forward to seeing this great global financial institution make further use of the capabilities of Verity K2E."
About Commerzbank
With consolidated total assets of about 420 billion euros, Commerzbank, based in Frankfurt am Main and founded in 1870, is one of Germany's - and Europe's - leading private-sector banks. More than 32,000 employees, including 7,000 abroad, serve roughly 8 million customers. Apart from the parent bank, Commerzbank AG, the Group consists of numerous subsidiaries in Germany and around the globe.
Commerzbank AG's domestic operations include a national network of 800 branches. Internationally, the Group's activities are concentrated primarily in Europe. Additional operations are maintained in key markets such as the USA. Commerzbank also has participations in, and cooperates with a number of institutions worldwide.
About Verity
With headquarters in Sunnyvale, California, Verity provides enterprise search software that enables organizations to discover, analyze and process all the information within their enterprises. The company's solutions provide integrated search, classification, recommendation, monitoring and analytics across the real-time flow of enterprise information, along with self-service Q & A. In addition, Verity's business process management and content capture solutions activate information and accelerate its flow from person to person and between systems. Verity technology also serves as a core component of more than 260 applications from leading independent software vendors.
Around the world, more than 11,500 organizations of all sizes and types rely on Verity to manage their intellectual capital. In the private sector, these include ABB, AT&T, AXA, Bristol-Myers Squibb, Capgemini, Capital One, Deloitte Consulting, EDGAR Online, Ford, GMAC, Hewlett-Packard, Kaiser Permanente, Mayo Foundation, PricewaterhouseCoopers, SAP, UBS and Verizon. In the public sector, customers come from all levels and branches of government, including the U.S. General Services Administration, the U.S. Air Force and Army, the U.S. Department of Defense, including the armed forces units, and the U.S. Departments of Energy and Justice. Independent software vendors that integrate Verity include EMC Documentum, FileNet, Lotus, Oracle, Stellent, TIBCO and Xerox DocuShare.
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.
All other trademarks are the property of their respective owners.
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