FAST Acquires Convera's Retrievalware Technology

Norwegian search technology provider FAST Search & Transfer has picked up Virginia-based Convera's RetrievalWare enterprise search business for $23 million in cash. Convera will continue its recent focus on vertical search technology and services for specialist publishers, and will license FAST's Ad Momentum technology as well, according to Information World Review. The move gives FAST a foothold in the lucrative U.S. government market.

About the author

Kevin Newcomb joined ClickZ in August 2004, covering search marketing and other online marketing topics. He has been reporting on web-based businesses since 2000.

Before the bubble burst, Kevin was a marketing manager for an online computer reseller, handling copywriting, e-mail marketing, search marketing and running the affiliate program.

With a combination of real-world marketing experience and years of business journalism, Kevin brings to ClickZ a unique ability to deliver news and training materials that help online marketers do their jobs better.