Microsoft Corp, on Tuesday, said it has agreed to buy Norwegian Internet-search software firm — Fast Search & Transfer ASA for 6.6 billion kroner ($1.23 billion) as it adds software products that help companies mine, store and manage data.
Microsoft, will pay 19 kroner for each Fast Search share, the companies said. The offer is 42 per cent more than the closing price on January 4. The purchase of Oslo-based Fast will give Microsoft tailored Internet and internal search products for customers including Deutsche Telekom AG and United Parcel Service Inc. Microsoft said in July sales at its Office SharePoint Server, a programme that lets companies set up Web sites, search for data and organize documents, topped $800 million in the year through June.
It also wants to carve out a position in business searching, building on corporate demand for its Windows software.
