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The layoffs and shutting down of offices in Norway, UK and US this summer, conducted in a somewhat heavyhanded manner, were part of a strategy. With the appointment of a new CEO and a new CFO Fast started to concentrate on cutting costs and putting all resources in two core services, Fast Web Search and Fast Data Search.
Other than Google Fast in more than one way sees itīs future in partnerships. Fast effectively goes for the B2B market.
The integration of Fast technology with existing technology of their partners is what Fast expects to give them an extra boost in further leading edge research and development.
FAST technology is publicly tested at www.alltheweb.com for future deployment by our OEM partners
Also interesting to note:
60% of revenues this quarter came from the Enterprise segment, with extended and enhanced contracts won from major customers eBay and Reuters for real-time search and content filtering.