Cyber Com Consulting Group and Fast Search & Transfer Announce Scandinavian Collaboration

Business Wire, Nov 16, 1998

OSLO, Norway--(BUSINESS WIRE)--Nov. 16, 1998--Cyber Com Consulting Group AB (Cyber Com), Sweden's leading consultant within business process reengineering, wishes to extend its business by collaborating with Norway's Fast Search & Transfer(tm) ASA (FAST(tm)), an Internet technology and content provider.

The FAST technology will be the preferred technology for Cyber Com for sophisticated web-based consulting projects. Cyber Com will be the preferred consulting company for FAST in the Nordic region. Furthermore, Cyber Com and FAST will identify projects and joint ventures.

"With the FAST products, such as FAST Image Transfer and FAST Search, we will have the tools to develop new internet services and applications. These products have opened a new and really exciting world for our development," said Tommy Ronngren, responsible for Strategy & Business development at Cyber Com, "I am convinced that the combined experience of Cyber Com and FAST will save our customers valuable time and money."

"For FAST, the collaboration with Cyber Com means direct access to important market segments," said President and CEO Espen Brodin of FAST, "Cyber Com is among Scandinavia's best qualified and most innovative consulting companies, and is capable of introducing i ndustry leading solutions based on the FAST technology for intranets, extranets, and the Internet."

About Cyber Com Consulting Group AB

Cyber Com Consulting Group was founded in 1994 and consists of nine subsidiaries, most of which are based in Stockholm, Sweden. There is also a newly opened office in London, England. Turnover for the group amounted to more than 40 million SEK for the 1997, with sales estimated to increase to more than 100 million SEK for the coming financial year. The number of employees within the group amounts to approximately 130 people.

Cyber Com's market strategy is to become the leading supplier of highly qualified and experienced computer consultants and IT professionals. Cyber Com leverages its knowledge and expertise in the industry to dominate the client/server and Internet/intranet market. Cyber Com's goal is to make companies more efficient through effective use of technology. The Cyber Com technical staff is capable of reshaping the information technology development process for maximum efficiency, speed of delivery, and end-user satisfaction. The end result is cost-effective application development that positions the enterprise for growth.

For more information about Cyber Com, visit http://www.cybercom.se.

About Fast Search & Transfer ASA

Fast Search & TransferTM ASA (FAST(tm)), headquartered in Oslo, Norway, and with US and UK subsidiaries, is a high-technology research and development company delivering advanced and innovative search and image/video compression technologies for intranets, extranets, and the Internet. There are currently about 30 people employed in FAST and its subsidiaries. The company develops and markets fully scalable cost-efficient software and hardware, ranging from small- and mid-size solutions to solutions for the large Internet content providers and media companies. Applications include the world's largest search engines for structured and non-structured text and the highest performance image compression technology available for the Internet.

For more information about FAST, visit http://www.fast.no.

FAST and the FAST four-colored logo are trademarks of Fast Search & Transfer ASA. Copyright (c) Fast Search & Transfer ASA. All rights reserved.