Enterprise Search
FAST Acquires AV’s Enterprise Search Product
* In February, 2003 Overture purchased AltaVista from CMGI.
* About one week later, Overture purchased FAST Search and Transfer’s web search business (AllTheWeb) so it could focus on enterprise search.
* Today, Overture sold the AltaVista Enterprise Search technology to FAST Search and Transfer for an undisclosed amount.
From the announcement, This acquisition will not affect FAST�s product direction, as there are no plans to integrate the AltaVista enterprise search technology with FAST Data Search. As FAST continues the support and maintenance of current AltaVista enterprise search customers without interruption, it will encourage these customers to migrate to the FAST Data Search platform.
See Also: More Consolidation in the Search Market (via Information Week)

This entry was posted on Tuesday, June 17th, 2003 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.