TITLE

FAST to acquire Convera Corporation's RetrievalWare business

PUB. DATE
April 2007
SOURCE
IM@T.Online;Apr2007, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on an announcement made by FAST Search & Transfer (FAST) ASA to acquire the assets of Convera Corp. On the basis of the agreement, FAST will acquire the assets of Convera's RetrievalWare business for $23 million. It is opined that the acquisition indicates the commitment of FAST to expand its presence primarily in the government markets. It is stated that the acquisition of Convera's RetrievalWare business will provide access to next generation search capabilities to Convera's vast government customer base. FAST has already begun an outreach program to support Convera's RetrievalWare customers, partners and resellers worldwide.
ACCESSION #
25028393

 

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