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April 3, 2007

FAST Acquires Convera's Retrievalware Technology

Norwegian search technology provider FAST Search & Transfer has picked up Virginia-based Convera's RetrievalWare enterprise search business for $23 million in cash. Convera will continue its recent focus on vertical search technology and services for specialist publishers, and will license FAST's Ad Momentum technology as well, according to Information World Review. The move gives FAST a foothold in the lucrative U.S. government market.

Posted by Kevin Newcomb at April 3, 2007 12:28 PM