Fast Search & Transfer ASA extends contract with major customer

Telecomworldwire, Jan 4, 2008

TELECOMWORLDWIRE-4 January 2008-Fast Search & Transfer ASA extends contract with major customer(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Norwegian real-time search solutions provider Fast Search & Transfer ASA (FAST) said on Friday (4 January) that it has secured a five-year contract extension with a major science and health information publisher.

The new contract is estimated to be worth over USD40m in licence, maintenance, management and professional services fees.

Fast Search & Transfer, headquartered in Oslo, Norway, is a global provider of real-time data search solutions with offices on six continents. The company has some 60 engineers and annual revenues of USD162m. Fast Search & Transfer is listed on the Oslo Stock Exchange and traded under the ticker FAST.

One British pound (GBP) is worth approximately 2.00 US dollars (USD).

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