PeopleSoft First to Embed Multi-Language Search Engine

PeopleSoft First to Embed Multi-Language Search Engine

Business Editors/High-Tech Writers

NEW YORK–(BUSINESS WIRE)–July 11, 2000

Verity Technology will Help PeopleSoft 8 Customers Find the

Information They Need in a Variety of Languages

In an industry first, PeopleSoft Inc. (Nasdaq: PSFT) today announced that it has partnered with Verity (Nasdaq: VRTY) to embed knowledge retrieval functionality in PeopleSoft 8, a new generation of pure Internet, best-in-class eBusiness applications.

Verity’s technology will enable PeopleSoft 8 customers to search the web in a variety of languages and find the information they need.

“PeopleSoft wanted to partner with a technology leader that has a proven track record,” said Peter Gassner, vice president and general manager of the PeopleTools technology division at PeopleSoft. “Search is a strategic component of any viable eBusiness solution. Verity is the de facto standard, having the most sophisticated, knowledge retrieval technology on the market.”

“Support of Asian languages makes Verity truly unique in the marketplace,” Gassner said.

Verity technology supports 22 languages, and is the only provider that supports complex Asian languages such as Chinese and Japanese.

PeopleSoft will embed Verity technology in all PeopleSoft 8 eBusiness applications, a new generation of pure Internet, best-in-class applications. PeopleSoft 8 is developed on the PeopleSoft Internet Architecture, the industry’s most powerful eBusiness platform enabling the deployment of enterprise applications using a thin HTML client and XML based-integration. The PeopleSoft Internet Architecture allows customers to access PeopleSoft applications from any platform supporting a web browser, and to cost effectively integrate PeopleSoft solutions with third-party software.

“PeopleSoft is the first major eBusiness vendor to embed search functionality into its core functionality,” said Verity president Anthony Bettencourt. We’re extremely pleased that PeopleSoft selected our proven search and linguistic technology to power all applications developed on the PeopleSoft Internet Architecture platform.”

Verity provides market-leading software for building custom knowledge retrieval applications, helping customers to automatically analyze and intelligently refine their web-based searches. Verity’s technology uses a combination of full text, metadata and knowledge-based methods to index and retrieve textual information stored in a variety of formats across corporate intranets and the Internet. It enables the organization and relevance ranking of selected information, thereby allowing users to filter and evaluate information personalized to their specific needs and interests. Verity technology delivers around-the-clock availability and scalable, high-performance throughput for thousands of users searching over tens of millions of documents with sub-second responses.

Customers can use Verity’s “language locales,” to easily localize applications. Verity offers language locales in Western European and Asian languages, including Bokmal, Danish, Dutch, English, Finnish, French, German, Italian, Norsk, Portuguese, Russian, Spanish, Swedish, and Sevenska for Western European languages and Chinese (both Simplified and Traditional), Japanese and Korean for Asian languages.

About Verity

Verity is a leading provider of knowledge retrieval solutions. Verity’s product suite powers corporate portals, e-commerce sites, online publishing and media sites, customer care applications, and products from market-leading OEMs and ISVs. Verity solutions simplify the management and use of information by indexing, classifying, organizing, searching and retrieving data, as well as providing personalized information delivery and hybrid online and CD publishing.

Verity’s products are used by more than 1,000 corporations, e-commerce sites, government agencies, online service providers, Internet publishers and software developers worldwide. Verity alliances include Adobe Systems, AT&T, CDNOW, CNET, Cisco, Compaq, Dow Jones, Easy Software, EarthWeb, Ernst & Young, Financial Times, Globe and Mail, IBM, MD Consult, NewsEdge Corporation, Informix, Lotus, NEC, SAP, Siemens, Snap.com, Sybase and Time New Media.

This press release contains forward-looking statements relating to Verity and PeopleSoft and the expected performance of their Verity products. Actual results are subject to risks and uncertainties. Risks relating to Verity, PeopleSoft and their products are set forth in its Form 10-K and other reports filed with the Securities and Exchange Commission.

About PeopleSoft

PeopleSoft (Nasdaq: PSFT) is the world’s leading provider of eBusiness applications that enable people — customers, employees, and suppliers — to power the Internet. PeopleSoft’s pure Internet Customer Relationship Management, Supply Chain Management, and Enterprise Management solutions provide the industry’s most open and flexible e-commerce platform. PeopleSoft employs more than 7,000 people worldwide, including 2,400 eBusiness consultants. More than 4,500 organizations in 107 countries run on PeopleSoft eBusiness applications.

PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners. Copyright (c) 2000 PeopleSoft, Inc. All rights reserved.

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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