Here's a nice summary of the Microsoft/Fast deal. The price Microsoft paid was surprising. Fast, which competes with British firm Autonomy and with Endeca, of Cambridge, Mass., has been struggling financially in 2007 - it reported a third-quarter loss of $100 million, and $26 million loss in the second quarter. This Network World articleoffers a Q&A of what Fast brings to Microsoft -- namely, a very high end search engine.
See also: Microsoft spends $1.2 billion to acquire search engine maker
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