Fast Search & Transfer
OSLO STOCK EXCHANGE : FAST

Fast Search & Transfer

October 19, 2005 09:00 ET

FAST Extends Leadership in Rich Media Search; FAST ESP Powers Multimedia Search for Broadband, Telecom, Publishing and Media Industries

OSLO, NORWAY & NEEDHAM, Mass.--(CCNMatthews - Oct 19, 2005) -

Fast Search & Transfer™ (FAST™), the leading developer of enterprise search and real-time alerting technologies, today announced further evolution of the company's rich media solution for the FAST Enterprise Search Platform (FAST ESP™). FAST ESP for Multimedia, enhanced by its new VideoMiner™ and AudioMiner™ connectors, supports the ongoing revolution taking place in the broadband, telecom, publishing and media industries. Rich media search is moving beyond early market adoption, and is now the company's fastest growing revenue stream.

With FAST ESP, traditional publishers and media companies can transition to online models and fully leverage new revenue opportunities, while cable and telecommunications providers can become "Triple Play" enterprises, offering solutions that exploit the convergence of broadband, television and telephony services (VoIP and mobile). Powered by FAST ESP, these organizations are able to mine both archived and streamed rich media deeper than ever before by using VideoMiner and AudioMiner. FAST ESP for Multimedia supports content-based search for audio, video and images, intelligently extracting concepts and facts, and finding similar or exact matches within content anywhere in the enterprise.

-- VideoMiner not only captures the meta-data provided with video, but also creates new information from intelligent video pattern analysis, for example recognizing new scene changes and generating intelligent (live) thumbnails for scalable thumbnail server applications.

-- AudioMiner analyzes audio streams (audio only or from video) in real time, providing the industry's most accurate, award-winning multi-lingual audio-to-text conversion, and deriving concepts and facts such as speaker recognition tagging.

"AudioMiner and VideoMiner offer the full Contextual Insight™ and intelligent textual mining of FAST's visionary search capabilities, enabling users to search and discover relevant data from information sources previously unreachable," said Bjorn Olstad, FAST's Chief Technology Officer. "FAST's leadership in the rapidly growing multimedia search market is confirmed by our impressive customer base. Further, while revenue is increasing across all of our offerings, rich media search is the fastest growing segment of our business."

Global enterprises including one of the world's largest media and entertainment conglomerates, a global anti-poverty and child advocacy organization and a leading broadband company headquartered in Asia have selected FAST's rich media technology based on its scalability, flexibility and power. FAST ESP for Multimedia delivers mission-critical solutions rapidly and seamlessly, while enhancing customers' business operations.

FAST has transformed enterprise search from a powerful, yet narrowly perceived function, into an enterprise-wide strategic and tactical capability of pivotal importance. FAST ESP and FAST's portfolio of solutions and SDAs supply a complete information retrieval solution ideal for a growing number of key vertical markets and applications including e-Commerce and Internet Portals; Financial Services; Government; Life Sciences; Media and Publishing; and Telecom. For FAST, the search never stops.

About FAST

FAST creates the real-time search and filter technology solutions that are behind the scenes at the world's best known companies with the most demanding search problems. FAST's flexible and scalable integrated technology platform elevates the search capabilities of enterprise customers and connects people to the relevant information they seek regardless of medium. This drives revenues and reduces total cost of ownership by effectively leveraging IT infrastructure. FAST's powerful enterprise search technology solutions are used by more than 2,000 global customers and partners, including America Online (AOL), AT&T, Cardinal Health, CareerBuilder.com, Chordiant, CIGNA, CNET, Dell, Factiva, Fidelity Investments, Findexa, IBM, Knight Ridder, LexisNexis, Overture, Rakuten, Reed Elsevier, Reuters, Sensis, Stellent, Tenet Healthcare, Thomas Industrial Networks, T-Online, US Army, Virgilio (Telecom Italia), Vodafone, and Wanadoo.

FAST is headquartered in Norway and is publicly traded under the ticker symbol 'FAST' on the Oslo Stock Exchange. The FAST Group operates globally with presence in Europe, the United States, Asia Pacific, Australia, South America, and the Middle East. For further information about FAST, please visit www.fastsearch.com.

(C) 2005 Fast Search & Transfer ASA - Fast Search & Transfer, FAST, FAST ESP, FAST Data Search, FAST Marketrac, FAST AdVisor, FAST InStream, FAST ImPulse, FAST mSearch, FAST ProPublish and the FAST four-colored logo are trademarks of Fast Search & Transfer ASA. All rights reserved. FAST disclaims any proprietary interest in the marks and names of others. All other trademarks mentioned in this document are the property of their respective owners.

Contact Information

  • Fast Search & Transfer
    U.S.
    Brian Greehan, 781-274-6061 ext. 214
    fast@sparksource.com
    or
    Europe
    Carine Zeier, +47 23 01 13 47
    Mobile: +47 48 01 13 47