TrendWatch Blog
FAST to buy parent Opticom
10-Dec-2005
Norwegian enterprise search vendor FAST Search has been the center of an ownership struggle involving its parent company, Opticom. An old Wall Street adage cuts through the glacier of rumors: follow the money. Says Fast CEO John Lervik, "Let's face it. There are financial analysts who can see that a stake in Opticom gives the shareholder a chance to cash in on FAST's growth...Where there is a chance for some easy money, there will be...some ill considered behavior. What's going on is just like a sale at New York City's Macy's department store. There is a lot of pushing and shoving. From the edges it's hard to see what's going on." Lervik continues, "To resolve this, we decided today to acquire Opticom. This will settle down the press coverage and we are now entirely back into business as usual." In today's enterprise search market, though, it's tough to know what "usual" means.
- Submitted by: Stephen Arnold, Guest Analyst
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