Follow Us

We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message

Microsoft pays $1.2 billion for search firm

Swallows Fast Search And Transfer at huge premium.

Article comments

Microsoft has offered to buy enterprise search software company Fast Search And Transfer for 6.6 billion Norwegian kroner ($1.2 billion), it has announced.

The acquisition will bring Microsoft powerful high-end search technologies to complement its enterprise infrastructure offering, the company said.

Microsoft's recent efforts in the enterprise search market have been aimed at the other end of the market. In November, it introduced two new low-end enterprise search products, Search Server 2008 and Search Server Express 2008, both based on its SharePoint Server 2007 business productivity platform. It is pitching Search Server 2008 as a cheap entry into enterprise search, while the Express version is free for single installations.

By integrating Fast Search's products with SharePoint, and drawing on its worldwide network of partners, Microsoft hopes to bring Fast Search's products to a wider audience, it said Tuesday.

It is also counting on Fast Search's Norwegian research team to bolster its research efforts in Europe. Microsoft has laboratories in Cambridge, England, and in Copenhagen, Denmark.

The directors of Fast Search, based in Oslo, have recommended that shareholders accept the offer, which represents a premium of 42 percent over Fast Search's share price at close of business on Friday. The companies expect the deal to close in the second quarter, subject to customary closing conditions, including the approval of the holders of at least 90 percent of Fast Search's shares.

Fast Search's rivals in the market for specialised enterprise search tools include Google, with its Search Appliance, French search company Exalead, and Autonomy, which recently acquired Meridio and Zantaz.

Representatives of Fast Search could not immediately be reached for comment.


More from Techworld

More relevant IT news


Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

Techworld White Papers

Choose – and Choose Wisely – the Right MSP for Your SMB

End users need a technology partner that provides transparency, enables productivity, delivers...

Download Whitepaper

10 Effective Habits of Indispensable IT Departments

It’s no secret that responsibilities are growing while budgets continue to shrink. Download this...

Download Whitepaper

Gartner Magic Quadrant for Enterprise Information Archiving

Enterprise information archiving is contributing to organisational needs for e-discovery and...

Download Whitepaper

Advancing the state of virtualised backups

Dell Software’s vRanger is a veteran of the virtualisation specific backup market. It was the...

Download Whitepaper

Techworld UK - Technology - Business

Innovation, productivity, agility and profit

Watch this on demand webinar which explores IT innovation, managed print services and business agility.

Techworld Mobile Site

Access Techworld's content on the move

Get the latest news, product reviews and downloads on your mobile device with Techworld's mobile site.

Find out more...

From Wow to How : Making mobile and cloud work for you

On demand Biztech Briefing - Learn how to effectively deliver mobile work styles and cloud services together.

Watch now...

Site Map

* *