Fast Search & Transfer
OSLO STOCK EXCHANGE : FAST

Fast Search & Transfer

November 14, 2005 09:00 ET

FAST Extends Safe Passage to Verity Customers and Partners

OSLO, Norway--(CCNMatthews - Nov 14, 2005) -

Fast Search & Transfer™

-- Program Designed Specifically to Help Verity Customers and Partners Seeking Stability and a Smooth Transition to More Powerful Enterprise Search Solutions

Fast Search & Transfer™ (FAST™), the leading developer of enterprise search and real-time alerting technologies, today announced that FAST is now offering safe passage to Verity customers and partners who are facing uncertainty arising from the acquisition of Verity by Autonomy. Through the FAST Safe Passage Program, FAST provides the strength of a technology partner with a clearly defined blueprint for migration to the FAST ESP™ family of solutions, and the ability to deliver the next generation of enterprise search platform-based applications.

"The acquisition of Verity by Autonomy is a market discontinuity that should prompt companies to take stock of their long-term enterprise search strategy," said analyst Guy Creese of Ballardvale Research. "Given the migration programs and special offers being rolled out by competitors, now is the perfect time to review what the market has to offer. Although every case will be different, moving to a new platform may be the thing to do."

"Nearly 25 percent of FAST's growth over the past year has been from former Autonomy and Verity customers and partners who have switched to FAST. Now with the Safe Passage Program there has never been a better opportunity to work with FAST and reap the benefits our technology delivers," explained Ali Riaz, president of FAST. "We see this as a great opportunity, not only for FAST, but for Verity customers who have been considering transitioning to a superior enterprise search solution. We have a lot of experience in helping companies migrate from their Verity installations to the FAST ESP platform."

The FAST Safe Passage Program is a comprehensive offering from FAST designed to meet the specific needs of Verity customers, OEM partners and Alliance partners, as concerns arise around the medium and long-term viability of their existing Verity solutions. All participants in the FAST Safe Passage Program can benefit from a wide range of offerings, including:

-- Verity-to-FAST migration support services

-- Free Search Best Practices workshop

-- Free enrollment in the FAST X10 Partner Program (for OEM and Alliance partners)

-- For Verity customers, the FAST Safe Passage Program also includes Verity investment crediting; fixed price; zero-downtime migration to FAST ESP; and guaranteed delivery and customer satisfaction

-- For Verity OEM Partners, the Program also includes discounted pricing on OEM term agreements and zero-cost pre-payment opportunities. Additional benefits for OEMs include investment protection against existing pre-payment (where applicable), and access to FAST InStream™ and FAST's OEM team

-- For Verity Alliance and System Integration Partners, the FAST Safe Passage Program also includes discounted pricing on FAST University Training and access to FAST's product portfolio and Alliances team

"FAST's rapid growth is a clear result of our ability to deliver constant innovation to global customers wherever enterprise search solutions are needed. Another foundation of our success is the flexible, scalable and modular nature of our architecture, enabling FAST to continuously upgrade enterprises from legacy environments such as database systems or older search solutions. For example, we have a well-proven Verity Migration Kit we have used for the past several years to transition former Verity customers to FAST ESP," explained Bjorn Olstad, CTO of FAST.

To learn more about FAST solutions and specifically how FAST can help customers and partners migrate from Verity to FAST, please contact FAST at safepassage@fastsearch.com or visit www.fastsearch.com/safepassage.

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, FAST InStream, FAST PSP and FAST's portfolio of solutions and Search Derivative Applications (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, FAST PSP 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, 781-418-2400
    fast@sparksource.com
    or
    Europe:
    Carine Zeier, +47 23 01 13 47
    Mobile: +47 48 01 13 47