Microsoft Completes $1.2 billion Acquisition of Fast Search & Transfer

Combined technology expertise set to help businesses in the Middle East capitalize on the power of enterprise search- Dubai, UAE, August 3rd, 2008 - Microsoft Corp. announced that it has completed the acquisition of Fast Search & Transfer, a leading provider of enterprise search solutions. In January, Microsoft announced its $1.2 billion offer for Norway-based enterprise search company, Fast Search. With this acquisition, Microsoft is set to change the Enterprise Search landscape by delivering a solid solution that fills the gap left by current offerings. With significantly improved search capabilities provided by Microsoft Office SharePoint Server, organizations in the Middle East will now have access to an enterprise-class solution that enables users to find the information and expertise they need to drive business results.... [read full story]