SUNNYVALE, CALIF. (Oct. 5) BUSINESS WIRE -Oct. 5, 1998--Verity, Inc. (Nasdaq:VRTY), a leading provider of knowledge retrieval solutions for the enterprise and Internet, today announced that Restrac, Inc. (Nasdaq:RTRK) the leader in networked recruiting solutions, has renewed its five year relationship with Verity, and has selected Verity's TOPICS architecture for resume search and retrieval capabilities in its broad line of Internet, intranet, and client/server recruiting automation products.
The advanced searching capabilities of Verity's TOPICS concept mapping architecture allow Restrac to provide recruiters and hiring managers with an easy, yet powerful way to search through thousands of candidate resumes using concepts and context, rather than keywords, providing significantly greater precision.
Verity's TOPICS technology, a core component of its Verity Developer Kit and Information Server products, creates rules of evidence, mapping documents to concepts. Restrac uses TOPICS to map job candidate skills and experience, and delivers an extensive set of skill concepts to customers. TOPICS automatically maps a user's concept-based query to all related skills evidence, irrespective of the actual search terms used by the recruiter or hiring manager, or the variety of ways that job candidates describe their own background in their resumes, and returns a ranked list of candidates.
Verity's advanced, "fuzzy search" capabilities make it possible for hiring managers to obtain more precise and comparable results on such criteria as skills, job titles and technical experience, as opposed to simple word searching.
"Over the years, Restrac has evaluated products from a variety of search and retrieval providers," said Ray Desrochers, Vice President of Development at Restrac. "Verity offers a superior solution that provides both the advanced search capabilities of Verity TOPICS, and the development environment that allows us to package the resume search and retrieval capabilities our users require into our new Web-based recruiting solutions." Restrac Offers Internet and Intranet Resume Searching with Verity
Restrac brings the recruiting process to the Internet and the corporate intranet. Restrac Hire for Intranet delivers Restrac's leading automated recruiting solution to the corporate intranet, adding unprecedented ease of deployment and maintenance, low overall cost of ownership and breakthrough Internet recruiting features. In every candidate search, Restrac products evaluate every word within every resume against the skills that the recruiter is seeking for a specific opening.
Applicant information enters the system in a number of ways. Resumes can be scanned, faxed, emailed via the Internet into the system or input directly from the corporate Web site. The resumes are indexed and searched by TOPICS using a Query Wizard offering step-by-step, push button assistance through the query-creation process.
Search results then appear in an easy-to-understand, relevance-ranked list with key information highlighted for fast, easy recognition. The industry's only recruiting solution designed specifically for corporate intranets, Hire for Intranet allows recruiters to create and manage new job requisitions and track applicants for open jobs.
The WebHire Network is the only solution giving HR professionals desktop access to a broad range of Internet resources to post jobs, search resumes and manage other recruiting activities. More than 100 leading job-posting sites, resume pools and other key recruiting services have signed on to be part of the WebHire Network, making it the industry's most comprehensive solution. Restrac customers use Verity technology to search third party resume collections available on the Internet.
Restrac WebHire is a unique, browser-based recruiting solution designed to meet the needs of rapidly growing organizations by combining WebHire Network access with quality management and resume processing in a unique outsourced service delivered over the Internet. Recruiters use Restrac's powerful concept-based searching to narrow the database of applicants to those with the most relevant skills and experience.
"Verity's knowledge-based indexing and retrieval offer an unequaled combination of high-speed performance with 'fuzzy' concept-based search which makes it ideal for applications like Restrac's where thousands of different documents must be searched quickly and accurately," said Anthony Bettencourt, Senior Vice President of Worldwide Sales and Marketing for Verity, Inc. "We are pleased to have been selected by Restrac to power its innovative enterprise and Web-based recruiting solutions." About Restrac, Inc.
Restrac is the leading provider of networked recruiting solutions including the WebHire Network, an open connection to an array of Internet recruiting services. The WebHire Network creates a single connection between recruiters and an expanding network of more than 100 Internet recruiting partners offering job posting, searchable pools of resumes and other essential recruiting services.
Restrac Hire for Intranet, the most flexible, enterprise-wide solution for corporate intranets and Restrac WebHire, a unique, browser-based outsourced recruiting solution offering requisition tracking, candidate management and resume processing over the Internet, both leverage the capabilities of the WebHire Network.
More than 325 companies worldwide employ Restrac's client/server, intranet or Internet-based recruiting solutions. Among these customers are American Express, AT&T, Millennium Pharmaceuticals and Microsoft. More information about Restrac recruiting solutions is available at www.restrac.com or by calling 1-877/RESTRAC. About Verity
Verity is a leading provider of enterprise knowledge retrieval solutions for corporate intranets, online publishers and OEMs and ISVs. Verity's product suite enables organizations to turn corporate intranets into a powerful knowledge base, making business information accessible and reusable across the enterprise. Verity's leadership has been recognized by numerous organizations, most recently by Delphi Consulting, which gave Verity the Market Recognition Award based on a survey of 600 corporate users.
Verity's comprehensive and integrated product family enables enterprise-wide document indexing, classification, search and retrieval, personalized information dissemination, and hybrid online and CD publishing -- all from the same underlying Verity collection. Verity's KeyView products also enable viewing of source documents stored in more than 200 formats.
Verity's products are used by more than 1,000 corporations, government agencies, on-line service providers, Internet publishers and software developers worldwide. Verity alliances include Adobe Systems, AT&T, CNET, Cisco, Compaq, Dow Jones, Ernst & Young, Financial Times, NewsEDGE Corporation, Informix, Lotus, NEC, Netscape Communications, SAP, SCO, Siemens Nixdorf, Sybase, Tandem and Time Warner's Pathfinder. For more information, contact Verity at info@verity.com or at World Wide Web site verity.com or by calling 408/541-1500.
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