Verity CTO to Address World Knowledge Forum

Dr. Raghavan to Join Global Technology Leaders at Conference In Seoul, South Korea

SUNNYVALE, Calif., Oct. 14, 2002 -- Verity Inc. (Nasdaq: VRTY), a leading provider of infrastructure software that powers corporate intranets and e-commerce sites as well as e-business applications, today announced its vice president and chief technology officer, Dr. Prabhakar Raghavan, will join a distinguished list of speakers at the World Knowledge Forum (WKF), to be held Oct. 15-18, 2002, at the Grand Hilton in Seoul, South Korea.

Dr. Raghavan will present the "Tools of Knowledge Management" on Friday, Oct. 18th from 12:40 to 2:10 p.m. He will discuss how to maximize the value of an organization's intellectual capital with a knowledge management system and will examine current and future technologies to build knowledge-based organizations.

During his presentation, Dr. Raghavan will focus specifically on the challenges enterprises face in organizing and searching vast quantities of information. He will address how enterprises can achieve an efficient and secure knowledge management system by implementing the top three key enabling features of an enterprise portal which, according to Forrester Research, are: search (discovery), taxonomy (organization) and personalization (bringing people's expertise into the knowledge system).

Dr. Raghavan has more than 15 years of experience in creating innovative Web and security technologies, including 14 years at IBM in a variety of technical and managerial positions. Dr. Raghavan also is a consulting professor of computer science at Stanford University, and has also taught at Yale. He holds a Ph.D. from the University of California at Berkeley and is a Fellow of the Association for Computing Machinery (ACM) and the Institute of Electrical and Electronics Engineers (IEEE).

Hosted by the Maeil Business Newspaper, Korea's leading business media group, the World Knowledge Forum's goal is to bridge the knowledge divide between advanced countries and developing ones. Under the 2002 theme of "Knowledge in a World of Risk: A Compass Towards New Prosperity," participants will take part in discussions on subjects ranging from an analysis of the challenges facing the U.S. economy to corporate management in times of uncertainty to predictions on new management practices of the future.

"The World Knowledge Forum is the foremost conference on a wide range of regional and global business issues," said Dr. Chang Dae-Whan, World Knowledge Forum executive chairman. "The WKF has welcomed many high-profile, global business and political leaders to Asia, including Bill Gates, Donald Johnston, Lester Thurow, Rajat Gupta, Paul Krugman and Peter Martin. Through lively discussion and lectures, this year's speakers will offer their views of what the future holds for Asia and the rest of the world." More information about the World Knowledge Forum is available at http://www.wkforum.org/.

About Verity

Headquartered in Sunnyvale, Calif., Verity is a leading provider of business portal infrastructure software. Verity software gives businesses a multitude of ways to improve access to vital information and perform a range of e-business operations, while enhancing the end-user experience. Verity-powered business portals, which include corporate intranets used for sharing information within an enterprise; e-commerce sites for online selling; and market exchange portals for B2B activities, all provide personalized information to employees, partners, customers and suppliers.

Verity products are used by approximately 80 percent of the Fortune 50 and by more than 1,500 corporations in various markets. Customers include Adobe Systems, AT&T, Cisco, CNET, Compaq, Dow Jones, EDGAR Online, Cap Gemini Ernst & Young, FairMarket, Financial Times, Globe and Mail, Home Depot, Lotus, SAP, Siemens, Sybase, Time New Media and Timex.

For more information, contact Verity at info@verity.com or at World Wide Web site http://www.verity.com or call 408-541-1500.

NOTE: Verity and the Verity logo are registered trademarks or trademarks of Verity Inc. All other trademarks are the property of their respective owners.

SOURCE Verity, Inc.

Web Site: http://www.verity.com