Fast Search & Transfer ASA signs search platform agreement with Companhia Vale do Rio Doce

Nordic Business Report, July 24, 2007

NORDIC BUSINESS REPORT-24 July 2007-Fast Search & Transfer ASA signs search platform agreement with Companhia Vale do Rio Doce(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com

Norwegian real-time search solutions provider Fast Search & Transfer ASA (FAST) said on Tuesday (24 July) that it has signed an enterprise search platform agreement with the Brazilian mining and metal company Companhia Vale do Rio Doce.

The agreement covers the deployment of the FAST ESP solution.

The value of the agreement was not disclosed, but FAST said that it will receive fees for licences, and maintenance and professional services.

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 2.05 US dollars (USD).

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))