Microsoft Corporation acquired Fast Search & Transfer for $1.2 billion, a transaction completed in April 2008, structured as all cash.
Fast Search & Transfer operates in Search, is based in Oslo, Norway. FAST was a leading provider of enterprise search technology. Microsoft launched an all-cash tender offer at 19.00 NOK per share, a 42% premium, valuing FAST at about 6.6 billion NOK (~$1.2 billion). FAST's high-end search expertise complemented Microsoft's SharePoint products.
Gave Microsoft a single-vendor search offering spanning mainstream infrastructure search through high-end enterprise search.
The combination of Microsoft and FAST gives customers a new choice: a single vendor with solutions that span the full range of customer needs.Jeff Raikes, President, Microsoft Business Division
Advisory firms were not disclosed for this transaction.