Business Services Industry
Fast Search & Transfer ASA acquires AltaVista's enterprise search business
Nordic Business Report, June 17, 2003
NORDIC BUSINESS REPORT-17 June 2003-Fast Search & Transfer ASA acquires AltaVista's enterprise search business(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com
The Norwegian search solutions provider Fast Search & Transfer ASA (FAST) said on Tuesday (17 June) that it had agreed to acquire the AltaVista enterprise search business from Overture Services Inc for an undisclosed sum in cash.
Overture acquired the business in connection with its acquisition of AltaVista in April.
"In addition to providing dedicated support and maintenance to the newly acquired customers, this acquisition gives AltaVista enterprise search customers and partners the opportunity to experience the power of FAST's highly-scalable and flexible suite of enterprise search solutions. As the enterprise search market continues to consolidate, this milestone further strengthens our position in the market, and enables FAST to broaden its market presence worldwide," commented Ali I Riaz, COO of FAST.
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