Verity Inc. announced the signing and closing of its acquisition of Dralasoft Inc. for an all cash payment of approximately $8 million. Dralasoft became a wholly-owned subsidiary of Verity as a result of the transaction. Dralasoft’s ongoing business includes its customer base and sales pipeline as well as its technology portfolio, consisting of component-based business process management solutions and business activity monitoring (BAM) software. It includes Dralasoft Workflow, an enterprise BPM suite that features an orchestration engine with a suite of graphical tools including Dralasoft Workflow Studio, a visual design tool. In addition, Dralasoft Workflow is an embedded application found in many software products used in several vertical markets. As part of the transaction Verity is offering continued employment to all Dralasoft employees, including its founder, president and chief technology officer, Suresh Ramaswamy. Verity intends to utilize Dralasoft’s BPM technology as a means to better unify the capabilities of Verity’s Intelligent Content Services and Content Capture/Process Automation offerings. Verity expects the Dralasoft acquisition to be accretive within the fourth quarter of its current fiscal year. The company will offer details on re-branding initiatives as well as service and maintenance programs shortly. Verity will immediately market the Dralasoft products through both its direct and OEM sales organizations. www.verity.com

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