Verity Inc. announced the signing and closing of the acquisition of desktop search-related intellectual property assets from 80-20 Software Pty Ltd. Verity purchased software that executes 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 has 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 integrate with Verity Ultraseek or K2 Enterprise software to allow users access to relevant content. As part of the acquisition, Verity will absorb 80-20’s desktop search engineering resources. 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 solutions for corporate governance, operational risk and compliance management. ,