Fast Search & Transfer ASA

PriceMinister to Improve Search Capabilites by Selecting Fast Technology

    Oslo, Norway and Paris, France (ots/PRNewswire) -

    - Leading Enterprise Search Provider Enters the French Market by Establishing Offices in France and Signing Agreement With PriceMinister

    Fast Search & Transfer(TM) (FAST(TM)), the leading developer of enterprise search and real-time alerting technologies, has been selected by Babelstore SA to deploy the FAST Enterprise Search Platform (FAST ESP(TM)) for, one of the top French online marketplaces. FAST has a worldwide customer base and has expanded its offices to meet demand for its search solutions. Accordingly, FAST recently established offices in Paris, France, and PriceMinister is the now the first France-based client for the global enterprise search company.

    Babelstore SA owns the PriceMinister brand name and operates The PriceMinister website offers private and professional users a marketplace to trade more than 15 million products, including books, videos, electronics, clothes and cars. Users also have the ability to make travel arrangements. Through its role as third-party guarantor, PriceMinister offers a secure peer-to-peer solution where the seller gets paid after the buyer receives the product. The PriceMinister community includes over 3 million members, and is one of France's largest eCommerce websites in terms of revenue and one of its largest online communities.

    "We look forward to deploying FAST's search technology to radically enhance our user's experience on PriceMinister," said Pierre Kosiciusko-Morizet, co-founder and president of PriceMinister. "We expect to see increased revenues as a direct result of this implementation, as we will be able to offer more accurate search results and deliver even better customer satisfaction."

    "PriceMinister is FAST's initial client in France, and further validates our view that the European search market is maturing. Companies such as PriceMinister and Babelstore SA realize the true benefits of implementing powerful search technology to accelerate revenue growth and market share," said John M. Lervik, FAST's chief executive officer.

    "FAST looks forward to assisting PriceMinister and other companies in the French marketplace. We offer global solutions delivered and supported by our local staff here in Paris," Lervik concluded.

    About FAST

    FAST creates the real-time search and filter technology solutions that are behind the scenes at the world's best known companies with the most demanding search problems. FAST's flexible and scalable integrated technology platform elevates the search capabilities of enterprise customers and connects people to the relevant information they seek regardless of medium. This drives revenues and reduces total cost of ownership by effectively leveraging IT infrastructure. FAST's powerful enterprise search technology solutions are used by more than 2,000 global customers and partners, including America Online (AOL), AT&T, Cardinal Health,, Chordiant, CIGNA, CNET, Dell, Factiva, Fidelity Investments, Findexa, IBM, Knight Ridder, LexisNexis, Overture, Rakuten, Reed Elsevier, Reuters, Sensis, Stellent, Tenet Healthcare, Thomas Industrial Networks, T-Online, US Army, Virgilio (Telecom Italia), Vodafone, and Wanadoo.

    FAST is headquartered in Norway and is publicly traded under the ticker symbol 'FAST' on the Oslo Stock Exchange. The FAST Group operates globally with presence in Europe, the United States, Asia Pacific, Australia, South America, and the Middle East. For further information about FAST, please visit

    (c) 2005 Fast Search & Transfer ASA - Fast Search & Transfer, FAST, FAST ESP, FAST Data Search, FAST Marketrac, FAST AdVisor, FAST InStream, FAST ImPulse, FAST mSearch, FAST ProPublish and the FAST four-colored logo are trademarks of Fast Search & Transfer ASA. All rights reserved. FAST disclaims any proprietary interest in the marks and names of others. All other trademarks mentioned in this document are the property of their respective owners.

ots Originaltext: Fast Search & Transfer ASA
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For more information from FAST Search & Transfer, please contact:
Brian Greehan, +1-781-274-6061 x214, Carine
Zeier (Europe), +47-23-01-13-47, +47-48-01-13-47 (Mobile). Paul
Gillet (France), Tel: +33-01-40-16-18-50,

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