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Verity Releases New Software with Pre-Built Taxonomy Option from LexisNexis
Posted On July 15, 2002
Verity, Inc. has announced version 4.5 of its Verity K2 Enterprise (K2E) knowledge management software. The company has also partnered with LexisNexis to co-develop and offer the LexisNexis Content Organizer as an add-on product for K2E. The LexisNexis Content Organizer combines LexisNexis' pre-built taxonomies and concept definitions with Verity K2E's classification capabilities.

The new Verity K2E gives enterprise users several ways to search for information. The tools include "federated search," which brings back results from many sources to a single query; "parametric search," which finds single or groups of documents with specific attributes; category drill-down to let users browse through categories and subcategories; and relational taxonomies, which enable the simultaneous search of two or more taxonomies.

The new version adds improvements to the content organization process with a Thematic Mapping Engine. The Profiler Engine automatically classifies and routes new information to drive content-triggered events, such as message-handling, executive briefings, information subscriptions, news-feed systems, and/or sending documents directly to individual users who need them. The Verity Gateway Development Kit, a component of K2E, permits the creation of links with and search of content that's found in other enterprise applications, such as CRM and ERP programs.

Raj Reddy, a professor at Carnegie Mellon University's School of Computer Science, said: "Verity has been an industry leader in providing solutions for knowledge management. Verity's latest offering, K2 Enterprise 4.5, is a significant step in knowledge management. The ability to implement an intelligent content organization capability that allows multiple taxonomies to co-deploy, co-exist, and co-navigate is state of the art and beneficial to the end-users."

Verity K2E isn't cheap. According to a company spokesperson, the "average deal size" for the product is $170,000. Pricing is based on the number of CPUs in the enterprise. The LexisNexis Content Organizer starts at $25,000 per taxonomy. According to a LexisNexis representative, the only one available now is the Corporate Enterprise Taxonomy. It includes the following nine categories, each with a hierarchical list of concepts: Training and Conferences, Human Resources, Communications, Product, Corporate Administration, E-Business, Information Technology, Facilities & Services, and IP & Contracts. The other LexisNexis taxonomies will be phased in and priced separately. No further details were available.

Whether enterprise customers utilize the taxonomy supplied by LexisNexis, their own business-specific directory, or a combination of the two, they can use K2E to integrate the pre-built concept definitions with their own rules.

The new version of K2E has a Federated Infrastructure capability that enables customers to directly access other content sources, such as Hoover's, Google, Factiva, AltaVista, and Moreover. However, the Federated "worker" for the LexisNexis content won't be available until next spring.

Verity says its products are used by approximately 80 percent of the Fortune 50 and by more than 1,500 corporations in various markets. (LexisNexis does not use Verity software for its service; it uses proprietary search technology.) Verity customers include Adobe Systems, AT&T, CNET, Dow Jones, EDGAR Online, Financial Times, Globe and Mail, NewsEdge, Time New Media, HighWire Press, and many others. In addition, Gale Group has chosen Verity K2E's Automatic Classification technology to help its editorial team organize the company's collection of content into categories. I wondered about Gale, Dow Jones, or NewsEdge buying the LexisNexis Content Organizer, the competition's taxonomy. However, according to a Verity representative, "Since Thomson Group, which includes the Gale Group, does compete in some arenas with LexisNexis, Verity, by its agreement with LexisNexis, cannot make available the Content Organizer option." Only Verity offers the LexisNexis Content Organizer, a product exclusive to companies that use K2E.

Renee Citera, vice president of enterprise market planning for LexisNexis, said, "We believe Verity K2 Enterprise, supported with LexisNexis' unmatched expertise in systematizing complex business information, provides companies with a compelling enhancement to their knowledge management efforts."

Paula J. Hane is a freelance writer and editor covering the library and information industries. She was formerly Information Today, Inc.’s news bureau chief and editor of NewsBreaks.

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