The news of FAST being acquired by Microsoft comes as no real surprise. There has been speculation for a couple of years. The search engine company, after a growth tear, stumbled financially last year, and has been operating as a trimmed down company for most of 2007. A 40% price premium had to be too hard for FAST shareholders to turn down.
I’ve had the pleasure of working with FAST as a business partner for ~3 years. It’s a quality company, with a search engine technology and talent pool that is truly world class. The past year has seen the loss of some great talent from the company, but they remain with a strong foundation, and an impressive enterprise and publishing client base.
How should a FAST local media client look at this?