Verity Moves to Sell Rights to Software Line

Verity Inc. said it hired the investment bank Wessels, Arnold & Henderson to advise about selling the rights to its IntelliServ software, used to monitor and distribute information within a computer network. Sunnyvale-based Verity said it decided to focus instead on developing software for searching and filtering information for business databases. While it seeks a buyer for IntelliServ, it is cutting back at the unit in Bellevue, Wash., that is responsible for the product. The hiring of the investment bank follows the resignation last week of Verity’s chief financial officer. IntelliServ was introduced earlier this year. Verity shares rose 13 cents to close at $5.31 on Nasdaq.