Fast Search & Transfer
OSLO STOCK EXCHANGE : FAST

Fast Search & Transfer

October 17, 2005 16:48 ET

FAST Placed in the Leader Quadrant in 2005 Information Access Technology Magic Quadrant Report; Leading Research Firm Positions FAST Based on Completeness of Vision and Ability to Execute

OSLO, Norway--(CCNMatthews - Oct 17, 2005) -

Fast Search & Transfer™ (FAST™), the leading developer of enterprise search and real-time alerting technologies, today announced that industry analyst group Gartner, Inc. (NYSE: IT) has positioned FAST in the Leaders quadrant of its newly released 2005 Information Access Technology Magic Quadrant Report(1). According to Gartner, vendors listed in the "leaders" quadrant are performing well today, have a clear vision of market direction, and are actively building competencies to sustain their leadership position in the market.

"We consider our positioning in the leader quadrant by Gartner as further confirmation of both our strategic vision and our ability to deliver innovative, game-changing solutions for our customers," said John M. Lervik, chief executive officer of FAST. "This year has brought us continued success in all components of our business - financial performance, customer sales and deployments, technology innovation, and worldwide partnership expansion."

"We believe market position is more than simply having ideas," explained Ali I. Riaz, FAST's chief operating officer. "It is the combination of vision and the ability to make that vision a reality. At FAST, we fuel innovation and power results that bring bottom-line business value for our customers and our partners' customers."

FAST has transformed enterprise search from a powerful, yet narrowly perceived function, into an enterprise-wide strategic capability of pivotal importance. The FAST Enterprise Search Platform™ (FAST ESP™), its OEM version FAST InStream™, and FAST's portfolio of solutions and Search Derivative Applications (SDAs) provide a complete information access suite, 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.

"Our commitment to innovation is underscored by our no-technical-boundaries approach to our search platform, FAST ESP," explained Bjorn Olstad, FAST's chief technology officer. "We understand what businesses need on a global scale - including extraordinary performance and scalability, ability to handle all types of data and content, precise accuracy, and high ROI. Our innovation model keeps our customers at the edge of the technology revolution and at the forefront of the competitive marketplace."

To obtain a complimentary copy of Gartner's 2005 Information Access Technology Magic Quadrant report, please register on FAST's Web site at http://www.fastsearch.com/gartner2005report.

The Magic Quadrant is copyrighted October 2005 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

(1)Magic Quadrant for Information Access Technology, 2005, by Whit Andrews and Rita E. Knox, published October 14, 2005 by Gartner, Inc.

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, 781-418-2414
    fast@sparksource.com
    or
    Europe:
    Carine Zeier, +47 23 01 13 47
    +47 48 01 13 47 (Mobile)