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Fast acquires AltaVista enterprise search business

When Overture acquired both Fast's Web Search unit with its AlltheWeb search engine and the AltaVista search engine, the company laid the foundation for what can become one of the Net's most important search engines.

However, the Norwegian company Fast is still alive and kicking. It is now focusing on delivering search technologies to companies, which they may use for their Web sites, intranets and databases.

Here is an interesting swap: Fast is now acquiring the AltaVista enterprise search business from Overture!

According to Fast AltaVista’s customers will get uninterrupted support and maintenance on their current platform and "an opportunity to migrate to FAST Data Search".

There are no plans to integrate the AltaVista enterprise search technology with FAST Data Search, so it is a fair guess that Fast will ultimately abandon the AltaVista technology.

This is what Fast calls a consolidation of the enterprise search market, meaning that there will be fewer competitors.

Source: Pandia.com

Posted by karan at November 26, 2003 11:06 PM