It’s been almost a year since I asked whether Fast Search & Transfer was the “comeback kid.” Well, with Microsoft offering to buy the Norweigian company for $1.2 billion–a 40% premium on its stock price–it appears the answer to the question is a resounding “Yes!”
Microsoft is naming Fast’s expertise and technology for enterprise search as the main reason for the acquisition.
“Enterprise search is becoming an indispensable tool to businesses of all sizes, helping people find, use and share critical business information quickly,” said Jeff Raikes, president of the Microsoft Business Division. “Until now organizations have been forced to choose between powerful, high-end search technologies or more mainstream, infrastructure solutions. The combination of Microsoft and FAST gives customers a new choice: a single vendor with solutions that span the full range of customer needs.”