Rocket buys unwanted FAST apps from Microsoft
InternetNews | at | by Mike
Microsoft quietly announced today that it has sold off two products that it got as part of its purchase of Norwegian enterprise search firm Fast Search & Transfer almost two years ago.
Terms of the deal were not disclosed.
The acquisition of FAST in 2008 set Microsoft back about $1.2 billion in cash. It was announced in early January 2008, and Microsoft completed the purchase of FAST on April 24, 2008.
Besides the search technology, now sold as FAST ESP, however, Microsoft also acquired a content management system called Folio, and an online publishing product dubbed NXT. Those products were apparently deemed not important to Microsoft's product vision.