Oslo, Norway and Needham, Massachusetts, United States
Fast Search & Transfer(TM) (OSEAX: FAST.OL) (FAST(TM)), the leading developer of enterprise search technologies and solutions, today announced that industry analyst group Gartner, Inc. has placed FAST in the leaders quadrant of its recently-released 2006 Information Access Technology Magic Quadrant Report.(1) According to Gartner, vendors listed in the leaders quadrant "demonstrate significant architectural flexibility. They have a strong, innovative and broad means of determining relevancy of results to users and provide developers with the flexibility and appropriate tools to tune these relevancy settings. They are financially prepared to weather hard times, and they possess sufficient resources to invest inorganically and organically in technology and business growth. They have established sufficient depth and strength to serve as platform vendors whose software might be used to solve most information access problems."
"With thirteen consecutive quarters of revenue growth, FAST continues to be one of the fastest growing software companies in the world," said John M. Lervik, chief executive officer of FAST. "Over 3,600 global companies have turned to FAST to drive their innovative solutions, and we acknowledge their successes for, in our opinion, effecting Gartner's placement of FAST in the leaders quadrant. We remain committed to our vision that search is a necessary and critical component for every company, both in the form of an IT infrastructure, as well as an enabler for applications that provide effective and relevant information to employees, customers, and other stakeholders."
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(TM) (FAST ESP(TM)), its OEM version FAST InStream(TM), and FAST's portfolio of solutions and Search Derivative Applications (SDAs) provide a complete information access suite, essential for companies across all verticals and applications including e-Commerce and Internet Portals, Entertainment, Financial Services, Government, Life Sciences, Media and Publishing, Pharmaceutical, and Telecom.
"FAST customers continue to lead the pace of search innovation, broadening the set of business solutions that are rooted in delivering the most relevant, and easy to comprehend results," said Bjorn Olstad, chief technology officer at FAST. "They are proving that search can be applied to virtually any user experience and business process not only to improve it, but also to create new business models and make search work in proactive and predictive ways that people previously have not thought possible."
About the Magic Quadrant
The Magic Quadrant is copyrighted October 2006 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) Gartner Research "Magic Quadrant for Information Access Technology, 2006, by Whit Andrews and Rita Knox, published October 6, 2006 by Gartner, Inc.
About FAST
FAST is the leading developer of enterprise search technologies and solutions that are behind the scenes at the world's best known companies with the most demanding search problems. FAST's flexible and scalable enterprise search platform (FAST ESP(TM)) 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 solutions are used by more than 2,600 global customers and partners, including America Online (AOL), Cardinal Health, CareerBuilder.com, Chordiant, CIGNA, CNET, Computer Associates, Dell, EMC Documentum, Factiva, Fidelity Investments, Findexa, IBM, Knight Ridder, LexisNexis, Merrill Lynch, 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 and Africa. For further information about FAST, please visit www.fastsearch.com.
(C) 2006 Fast Search & Transfer ASA - Fast Search & Transfer, FAST, FAST ESP, Contextual Insight and the FAST logo are trademarks of Fast Search & Transfer ASA. All rights reserved.
CONTACT: FAST Brian Greehan +1 781-418-2414 fast@daviesmurphy.com or Europe Carine Zeier +47 23 01 12 00 pr@fastsearch.com
CONTACT: FAST Brian Greehan +1 781-418-2414 fast@daviesmurphy.com or Europe Carine Zeier +47 23 01 12 00 pr@fastsearch.com , ,
Source: Business Wire (Business Wire India)