Microsoft To Buy Fast Search For $1.23 Billion

Microsoft Agrees to Buy Fast Search for $1.23 Billion from Bloomberg reports that Microsoft is buying FAST Search. The Norwegian search company, Fast Search & Transfer ASA, will be bought by Microsoft for 6.6 billion kroner, or $1.23 billion. Microsoft will buy the company via the Oslo Stock Exchange, share by share. Here is the release from Microsoft.

FAST’s share price rose 41 percent to 18.8 kroner from the news. Jeff Raikes, president of the Microsoft Business Division, said:

Enterprise search is becoming an indispensable tool to businesses of all sizes, helping people find, use and share critical business information quickly.

FAST is most well-known for their enterprise search appliances, but there are rumors that Microsoft may use most of the technology to help them compete in consumer search against Google, Yahoo, and

More coverage can be found at Techmeme.

Postscript from Chris: FAST was an early player in the web search market—it developed the AlltheWeb search engine and sold it to Overture in 2003. As part of the deal, Overture got the public site (now a Yahoo property after Yahoo purchased Overture later in 2003), but FAST kept the web crawler technology and has continued to develop it. Therefore, Microsoft is getting a market-leading enterprise search company and a world-class web crawler (not to mention some of the smartest engineering talent in search) as part of this deal. Keep an eye on what Microsoft does with this prize over the coming months—it may surprise people.

Postscript from Barry: Gary Price has put together a timeline of events from FAST’s past. The historical perspective gives some reminded insight into FAST’s growth, success, and past failures.

Related Topics: Channel: Industry | Microsoft: Business Issues


About The Author: is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here.

Connect with the author via: Email | Twitter | Google+ | LinkedIn


Get all the top search stories emailed daily!  


Other ways to share:

Read before commenting! We welcome constructive comments and allow any that meet our common sense criteria. This means being respectful and polite to others. It means providing helpful information that contributes to a story or discussion. It means leaving links only that substantially add further to a discussion. Comments using foul language, being disrespectful to others or otherwise violating what we believe are common sense standards of discussion will be deleted. Comments may also be removed if they are posted from anonymous accounts. You can read more about our comments policy here.

Comments are closed.

Get Our News, Everywhere!

Daily Email:

Follow Search Engine Land on Twitter @sengineland Like Search Engine Land on Facebook Follow Search Engine Land on Google+ Get the Search Engine Land Feed Connect with Search Engine Land on LinkedIn Check out our Tumblr! See us on Pinterest


Click to watch SMX conference video

Join us at one of our SMX or MarTech events:

United States


Australia & China

Learn more about: SMX | MarTech

Free Daily Search News Recap!

SearchCap is a once-per-day newsletter update - sign up below and get the news delivered to you!



Search Engine Land Periodic Table of SEO Success Factors

Get Your Copy
Read The Full SEO Guide