Verity Inc. has announced the signing and closing of its acquisition of the desktop search-related intellectual property assets from 80-20 Software Pty Ltd, a privately-held software developer based in Melbourne, Australia. Users of this enterprise-ready desktop search software include Chevron-Texaco, Intel, and Siemens Business Services.
Verity purchased 80-20 software that was designed to execute fast, accurate searching of all email folders and local file systems to give users one access point to information stored on their personal systems. In addition, it the acquired software was designed-from-the-start to meet enterprise requirements. It includes enterprise-wide deployment, administration, and control capabilities as well as compliance with most security protocols.
The Verity-branded desktop search product is expected to become available to customers in the second half of 2005. It will be Verity's first such all-encompassing offering that tightly integrates with Verity Ultraseek or K2 Enterprise software to allow users quick access to virtually all relevant content, regardless of where it may reside within an organization.
As part of the acquisition, Verity will absorb 80-20's desktop search engineering resources to ensure continued product development. Existing 80-20 enterprise desktop search customers will be served by Verity.
80-20 Software is exiting the Enterprise Desktop Search market in order to focus on its commitment to leadership in solutions for corporate governance, operational risk and compliance management.