Microsoft Corp. has completed settlement of its tender offer for Fast Search & Transfer ASA, provider of enterprise search solutions. Microsoft’s plans to acquire FAST were originally announced in January. FAST will operate as a Microsoft subsidiary, with a dedicated enterprise search research and development center in Oslo, Norway, and offices throughout the world.
John Markus Lervik will transition from his role as FAST CEO to become Microsoft’s corporate vice president of Enterprise Search, reporting to Teper. Under Lervik’s leadership, the group’s charter will include the development of a comprehensive portfolio of enterprise search offerings, including Microsoft Search Server 2008 Express, search for Microsoft Office SharePoint Server 2007 and FAST ESP, and future delivery of a single enterprise search platform.
Originally posted on April 25, 2008 @ 9:49 am