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Fast swallow RetrievalWare, but Convera is still standing

Fast Search & Transfer has paid $23 million to acquire Convera RetrievalWare, the government search technology division developed by search rival Convera. In an interesting development, which signals a consolidation of technology, although not the number of vendors, Norway's Fast takes over what many to consider the most significant part of Convera, but Convera remains standing and has licensed a web advertising technology from Fast.

By consuming "selected assets of the Convera Corporation" Fast is aiming at the lucrative government market. John M Lervik, CEO of Fast said the acquisition "will enable us to deepen our relationships in the government sector".

To calm the nerves of information and IT professionals signed up to Convera RetrievalWare Fast promised to provide global support for the application and its users.

At the same time as selling off its family silver, Convera announced that it has licensed Fast Ad Momentum a private label application that enables online publishers to provide contextual (search based) advertising.

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Bloggers-in-chief

David Tebbutt, IWR Consultant & Columnist David Tebbutt, Consultant & Columnist
Has spent 40 years in software development and publishing. Special interests include: knowledge and information management, social computing, new media and software tools.

Daniel Griffin, IWR Deputy Editor Daniel Griffin, IWR Deputy Editor
Daniel joined IWR in 2006 after a career as a publisher of guides, supplements and websites for magazine and event companies. His special interest is the evolving publishing and information industry online.

Peter Williams, IWR Editor Peter Williams, IWR Editor
Peter is in his second spell on IWR. Over the last few years he has developed interest in the fields of knowledge management and e-learning, writing and editing extensively on both topics.


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