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Krak to Deploy FAST Enterprise Search Platform for Internet and Intranet Search [June 1, 2004]

OSLO, Norway and COPENHAGEN, Denmark, Jun 1, 2004 /PRNewswire-FirstCall via COMTEX/ -- Fast Search & Transfer(TM) (FAST(TM)), the leading developer of enterprise search and real-time alerting technologies, announced today that Krak, a respected Danish media information provider, has signed an agreement to deploy the FAST Enterprise Search Platform (FAST ESP(TM)) as its search solution across its Web sites and intranet, including the joint government and business portal, Virk.dk (http://www.virk.dk). As part of the agreement, Krak will also resell FAST ESP in the Danish Market.

Krak provides site visitors (http://www.krak.dk) with information with topics ranging from information about companies, addresses, telephone numbers, private persons, maps, etc., and is also a trusted advisor on both portal development and web hosting for the Danish market. The company has information about more than 500,000 Danish companies and 3 million private individuals - searchable by the public. Given the vast amount of traffic and data the site encompasses, Krak required a powerful search platform that would offer the visitors the most relevant results to their queries.

"On a monthly basis Krak receives more than 2.1 million online users seeking information on a wide range of topics. Our ability to maintain this level of traffic and our reputation as the pre-eminent source for portal development and media information, hinges on the depth and accuracy of information we can provide users," said Kerny Ustrup, CTO at Krak. "It is imperative that we provide site visitors with the ability to locate and leverage the myriad information contained on our site. The FAST Enterprise Search Platform provides us with the flexibility to accomplish this goal."

Running on low-cost, high performance servers, the precision-engineered FAST ESP enables organizations such as Krak to efficiently gain a 360-degree view of relevant structured data stored in databases, as well as the unstructured data of documents, emails, presentations, web pages and more. Whether data exists in multiple databases and applications, on corporate intranets, or on the Web, FAST ESP provides unlimited access and scalability in data volume, number of users, and freshness of data. It also enables organizations to draw one complete, accurate, secure, and intelligent view of all the information they need to advance the fortunes of the enterprise.

"Krak is an acknowledged leader in the European media and information space and continues to attract a high volume of site traffic," said John M. Lervik, FAST's chief executive officer. "Krak's selection of FAST ESP was based on our ability to provide its online users with the most relevant and actionable information within its vast data stores. We are pleased to begin working with Krak and to further expand our presence in the European market."

FAST ESP is offered through the FAST Data Search(TM) suite of enterprise search solutions, which includes FAST Data Search(TM) for Site Search; FAST Data Search(TM) for Compliance; FAST Data Search(TM) for eCommerce; FAST Data Search(TM) for Intranets; and FAST Data Search(TM) 360. The FAST Data Search product suite supplies a complete information retrieval solution ideal for key vertical markets and applications including e-Commerce and Internet Portals, Financial Services; Government; Life Sciences; Media and Publishing; and Telecom.

About Krak

Krak is a well-respected Danish information and service company in the middle of the technological society of today. Krak's core business is based on collecting information and creating contacts between buyers and sellers - either through printed or electronic media. 260 colleagues unite the publishing qualifications with new technologies and effective sales of information and communication solutions for Kraks customers and partners. Krak was founded in 1770.

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 a wide range of global customers and partners, including AT&T, Cardinal Health, CareerBuilder.com, Chordiant, CIGNA, CNET, Dell, Fidelity Investments, FirstGov.gov (GSA), Freeserve, IBM, Knight Ridder, LexisNexis, Overture, Rakuten, Reed Elsevier, Reuters, Tenet Healthcare, Thomas Industrial Networks, T-Online, US Army, Virgilio (Telecom Italia), and Vodafone.

FAST is a Norwegian based company publicly traded under the ticker symbol 'FAST' on the Oslo Stock Exchange. The FAST Group operates globally with presence in Europe, the United States and Japan. Additionally, the FAST Group has business partners and customers in a number of other locations, such as Brazil, Canada and Australia. For further information about FAST, please visit www.fastsearch.com.

(c) 2004 Fast Search & Transfer ASA - Fast Search & Transfer, FAST, FAST Data Search, FAST ESP 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.

ASA /OSE: FAST /ISIN: NO0003109605

SOURCE Fast Search & Transfer ASA

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