Monday, April 09, 2007

FAST buys Convera's RetrievalWare

FAST Acquires Convera’s RetrievalWare Business by Paula J. Hane, Newsbreaks (Apr 9, 2007)

Convera Corp has sold its RetrievalWare business to FAST. This gives FAST extra strength in the enterprise search market along with large number of client departments in the U.S. government.

"Convera was formed in December 2000 through the combination of the former Excalibur Technology Corp. and Intel’s Interactive Media Services Division. Excalibur had previously merged with Conquest in the mid-1990s."

The announcement states that FAST won't be developing RetrievalWare any further, but will "port" some capabilities from it to FAST's platform.

"However, according to Bauert [Peter Bauert, senior vice president of corporate development at FAST], RetrievalWare does offer some desirable features and functionality that FAST does not have now. He explained: “An example of a feature that we intend to ‘port’ from RetrievalWare to FAST ESP is the way that Convera is doing semantic mining using ontologies and taxonomies. While FAST already supports ontologies/taxonomies, Convera’s customers are used to a tool called the KnowledgeWorkbench and we intend to make that available to the customers as they migrate to FAST ESP.”"

No comments: