VERITAS VISION 2005, San Francisco, California - April 27, 2005 - Hummingbird Ltd. (NASDAQ: HUMC, TSX: HUM) and VERITAS Software Corporation (Nasdaq: VRTS) today announced a strategic alliance that will integrate VERITAS Enterprise Vault 6.0 e-mail and content archiving software with Hummingbird Enterprise 2005, the next generation of Hummingbird's award-winning enterprise content management platform.
The combination of VERITAS Enterprise Vault software and Hummingbird Enterprise is designed to enable customers to better manage electronic records such as e-mail, Instant Messages, and file system documents as part of an integrated content lifecycle management solution. Joint customers will be able to use a common, unified interface to capture and manage all business content stored in disparate information sources, declare those documents and messages as records and access the content across both systems.
Hummingbird and VERITAS will deliver this functionality from the most common interface for document creation and sharing today -- the e-mail client, starting with Microsoft Outlook. This will help allow appropriate corporate practices such as document retention policies to be applied, while enabling easy access to all content including e-mail via the user-friendly interface customers are most familiar with, helping improve productivity of information workers.
According to a recent research report from Gartner, Inc., "Companies that rely on employees to tag and push appropriate e-mails into the record management system or an e-mail record archive must implement a compliance monitoring system and audit to ensure that the corporate policy is being followed. Alternatively, there is the option to deploy a records management system that offers the option to automate some parts of the declaration process while capturing all non-declared records into a large 'other e-mail' folder. This adds intelligence to some of the e-mail records while eliminating the need to oversee that all users are in compliance."
"Without proper protection, retention and management of critical business content so often found in e-mail, organizations face increasing administrative costs and, most importantly, increase their risks of violating corporate governance policies, laws and regulations," said Barry Litwin, President and Chief Executive Officer, Hummingbird Ltd. "The combination of Hummingbird Enterprise and VERITAS Enterprise Vault will ensure that our customers have a seamlessly integrated environment to manage content lifecycle without ever having to leave Microsoft Outlook."
The VERITAS-Hummingbird partnership will provide customers with a tool that leverages the simplicity of the Microsoft Outlook desktop and extends it with enterprise scalable content management and archival capabilities. Integration with VERITAS Enterprise Vault software will support flexible, software-based archiving of e-mail and documents from Hummingbird Enterprise. The integration further helps reduce storage costs and simplifies management of e-mail, attachments and documents via automated, policy-controlled archiving to online stores for active retention and seamless retrieval of information. "Our lawyers live in the Outlook client which is one of the main reasons we wanted Hummingbird to provide us with a unified system for handling e-mail management and matter centric working. With an existing and very valuable document management system already in place, we need to take advantage of this additional functionality in order to achieve the true value add of the upgrade," said Jon Gould, IT Director at UK-based law firm Charles Russell. "With the Hummingbird solution and VERITAS Enterprise Vault integration not only will fee-earners be able to manage all content, including e-mail, from within the familiar Outlook interface, they will also be able to apply appropriate archiving and retention policies. This will be very beneficial for the firm to help us to meet our compliance requirements."
"Organizations today are challenged with both managing the mounting volume of electronic information and communication and retaining that information for internal corporate governance or external regulatory compliance," said Michael Speiser, Vice President of VERITAS' Data Management Group. "VERITAS and Hummingbird are committed to delivering a comprehensive solution to systematically capture, protect, control and dispose of important electronic records. At the same time, VERITAS and Hummingbird realize that business users will not easily change their work environments -- so all of this must be done from the interface that they work in today -- Microsoft Outlook."
Hummingbird and VERITAS will preview the new features and functionalities of the combined solution at VERITAS VISION 2005, VERITAS' worldwide user conference, April 25-28 at the Moscone Convention Center in San Francisco, California.
Availability The combined Hummingbird Enterprise 2005 and VERITAS Enterprise Vault 6.0 solution is expected to be generally available for release in the summer of 2005.
About VERITAS Software
VERITAS Software, one of the 10 largest software companies in the world, is a leading provider of software and services to enable utility computing. In a utility computing model, IT resources are aligned with business needs, and business applications are delivered with optimal performance and availability on top of shared computing infrastructure, minimizing hardware and labor costs. With 2004 revenue of $2.04 billion, VERITAS delivers products and services for data protection, storage & server management, high availability and application performance management that are used by 99 percent of the Fortune 500. More information about VERITAS Software can be found at www.veritas.com
About Hummingbird Enterprise Hummingbird Enterprise provides an integrated platform for enterprise content management that provides global organizations with solutions to manage business interaction information such as documents, records, virtual deal room exchanges, discussions, e-mail or financial data -- linking business processes, information and people. Hummingbird solutions are designed as modular applications that are fully interoperable with each other, enabling customers to incrementally build an enterprise content management solution to meet their evolving information needs in a cost effective manner.
About Hummingbird Hummingbird Ltd. (NASDAQ: HUMC, TSX: HUM) is a leading global provider of enterprise software solutions. Hummingbird's enterprise content management (ECM) solutions enable organizations to manage the lifecycle of enterprise content from creation to disposition. Hummingbird Enterprise solutions enable organizations to address critical business needs, such as information management, business continuity, compliance and risk mitigation.
Founded in 1984, Hummingbird employs over 1,400 people and serves more than 33,000 customers, including 90% of Fortune 100. Hummingbird solutions are sold directly from 40 offices worldwide and through our Alliance Network of partners and resellers. For more information, visit http://www.hummingbird.com
Forward-looking statements in this press release, including statements relating to the Company's capital structure, future sales growth, profitability, competitive position and release of new products are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are subject to risks and uncertainties that may cause future results to differ materially from those expected. Such risks include, but are not limited to: the Company's ability to secure underwriting support and attract investors to its stock; the Company's ability to introduce new products in a timely manner and its ability to generate demand for, and gain market acceptance of, those products in an intensely competitive marketplace, where many of its competitors have substantially greater resources than the Company; the Company's ability to maintain revenue growth at current levels or anticipate a decline in revenue from any of its products; the Company's ability to reduce its costs to the extent required to maintain profitability should revenue decline; the Company's ability to hire, train, and retain highly qualified personnel; the Company's reliance on third party distribution channels as part of its sales and marketing strategy; and other risks detailed in the Company's various securities filings with the Securities and Exchange Commission and Canadian securities regulators.