In order to improve its enterprise search capability Microsoft offered $1.2 billion to acquire FAST Search a Norwegian search engine company which also have headquarters in Boston (US).

FAST was founded in 1997 and provides real time search and business intelligence solutions to companies. “This acquisition gives FAST an exciting way to spread our cutting edge search technologies to more and more organizations across the world and by joining Microsoft, we can get the benefit of the momentum behind the SharePoint business productivity platform through Microsoft’s strong sales and marketing network.” said John Lervik, CEO of FAST.

You can read full press release at Microsoft’s website : http://www.microsoft.com/presspass/press/2008/jan08/01-08FastSearchPR.mspx

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