Central Bank of Mexico to Use Verity K2 Enterprise

May 27, 2003

Verity Inc., a provider of enterprise software designed to help organizations maximize the return on their intellectual capital investment, has announced Banco de Mexico will make use of Verity K2 Enterprise (K2E) software in its redesigned public Web site and corporate intranet. Banco de Mexico sets currency policy, provides a range of treasury services and economic and financial counsel to the government, and represents the country in its dealings with the International Monetary Fund. Banco de Mexico is in the process of revamping and enhancing its portal infrastructure. Before the decision was made to redesign its external and internal sites, Banco de Mexico was using three separate search technologies for its main data repositories. Since only one search technology will be managed and maintained now, Banco de Mexico expects the costs associated with its search function to decrease, while user satisfaction is expected to increase dramatically.