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Verity Positioned in Leader Quadrant of 2005 Information Access Technology Magic Quadrant
SUNNYVALE, Calif. - October 18, 2005 - Verity Inc. (NASDAQ: VRTY) today announced that Gartner Inc. (NYSE: IT), an independent research firm, has listed Verity in the leader quadrant in the just-released Gartner 2005 Information Access Technology Magic Quadrant.*
"Gartner's Information Access Magic Quadrant is an annual assessment of the companies that are, can and will make an impact on the ever-growing information access market," said Anthony J. Bettencourt, Verity's chief executive officer. "We are honored that Verity has been positioned in the leader quadrant in the Magic Quadrant report."
Gartner defines companies listed in the leader quadrant as performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market. The Magic Quadrant analysis places specific vendors within one of four segments: "Leaders," "Visionaries," "Challengers," or "Niche Players." The 2005 Information Access Magic Quadrant evaluated 25 companies, including Verity. According to the report, Leaders "have broad means of determining relevancy to return results to users and provide developers with flexibility to tune these relevancy settings" and "possess sufficient resources to invest inorganically and organically in technology and business growth."
Magic Quadrant Disclaimer
The Magic Quadrant is copyrighted October 14, 2005 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Verity
Verity provides business search and process management software that more than 15,000 organizations rely on to gain greater visibility to and value from their people, processes and information.
Verity business search solutions provide unified results from multiple, simultaneous searches across targeted sources from the desktop to the enterprise. Verity Search, built to perform in a business environment, is tunable to relevance needs, secure and compliant.
Verity process management solutions bring together and automate paper- and digital-driven processes so organizations can bridge the gaps between their people, paper and systems and perform more efficiently.
Verity technology also serves as a core component of more than 260 applications from leading independent software vendors.
Around the world, our customers include companies of all sizes, from small and mid-size businesses to the Global 2000, as well as public sector organizations. Corporate customers include ABB, AT&T, AXA, Bristol-Myers Squibb, Capgemini, Capital One, Cisco, Deloitte Consulting, EDGAR Online, Ford, GMAC, Hewlett-Packard, Kaiser Permanente, Mayo Foundation, PricewaterhouseCoopers, 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. Department of Defense, including the armed forces units, and the U.S. Departments of Energy and Justice. Independent software vendors that integrate Verity technology include EMC Documentum, FileNet, Lotus, Oracle, Stellent, TIBCO and Xerox DocuShare.
Listed on the NASDAQ under the ticker symbol VRTY, Verity has its headquarters in Sunnyvale, California.
* Magic Quadrant for Information Access Technology, 2005, October 14, 2005, Whit Andrews and Rita E. Knox, Gartner
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.
Verity Editorial Contacts:
Winifred Shum
Verity, Inc.
(408) 542-2363
wshum@verity.com
Euro RSCG Magnet
(212) 367-6804
veritypr@eurorscg.com
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