Verity, Inc. Announces Public Offering of Common Stock

1,500,000 of the shares (plus the shares in the over-allotment option) are being offered by Verity in a new financing, and 275,000 of the shares are being offered by certain stockholders. SG Cowen Securities Corporation, Banc of America Securities LLC, Dain Rauscher Wessels, a division of Dain Rausc...

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Bibliographic Details
Published inBusiness Wire p. 1
Main Author Business Editors/High-Tech Writers
Format Newsletter
LanguageEnglish
Published New York Business Wire 05.08.1999
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Service introduction
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Summary:1,500,000 of the shares (plus the shares in the over-allotment option) are being offered by Verity in a new financing, and 275,000 of the shares are being offered by certain stockholders. SG Cowen Securities Corporation, Banc of America Securities LLC, Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, and SoundView Technology Group, Inc. are the underwriters of the offering. Verity is a leading provider of enterprise knowledge retrieval solutions for corporate intranets, online publishers, e-commerce vendors and market-leading OEMs and ISVs. Verity's product suite enables organizations to turn corporate intranets into a powerful knowledge base by creating corporate portals, making business information accessible and reusable across the enterprise.