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Short Take: Verity changes management

Verity, which markets tools to search for and filter information over the Internet, has replaced chief executive Philippe Courtot with Gary Sbona, who has more than 20 years high-tech management experience. Dominique Trempont, former chief operating officer of Next Software, also resigned Verity's board. The company's earnings have lagged behind Wall Street's expectations.

Verity, which markets tools to search for and filter information over the Internet, has replaced chief executive Philippe Courtot with Gary Sbona, who has more than 20 years high-tech management experience. Dominique Trempont, former chief operating officer of Next Software, also resigned Verity's board. The company's earnings have lagged behind Wall Street's expectations.