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FAST buys AltaVista's enterprise search biz
Sound of loose ends tying
FAST has bought the enterprise search business of AltaVista from Overture. The company is to migrate AltaVista's 200-plus customers to its own FAST Data Search suite.
Terms of the deal are undisclosed but it's reasonably safe to infer that the purchase price was considerably less than the $100m (plus the promise of $70m perfomance incentives) shelled out by Overture for FAST's consumer business in February this year.
Overture bought AltaVista for $140m in April. The paid search listing firm has now got the search technology in place, courtesy of FAST, and it has the search brand names, AltaVista and AlltheWeb.com. AltaVista needs a helluva lot of reviving, though. Now let's see how Overture combats mighty Google. ®
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