Fast Search & Transfer(TM) (FAST(TM)), the leading developer ofenterprise search and real-time alerting technologies, today announced that industry analyst group Gartner, Inc. has positioned FAST in theLeaders quadrant of its newly released 2004 Enterprise Search Magic QuadrantReport. This is the first year that FAST has been positioned in the Leadersquadrant of Gartner's annual Magic Quadrant report1 on the Enterprise Searchmarket.
Gartner, the premier research and advisory firm for bottom-line,business-oriented analysis and in-depth knowledge of trends and developmentsin technology, reviewed 21 vendors for this annual report of searchtechnology providers. To determine the positions in the Magic Quadrant,Gartner used a set of criteria to measure each vendor's ability to serve anorganisation's search needs, including its financial strength, prior successin the enterprise arena, pricing flexibility and appeal, as well as serviceleverage.
According to Gartner, Inc., leaders are vendors who are performing welltoday, have a clear vision of market direction and are actively buildingcompetencies to sustain their leadership position in the market. The MagicQuadrant analysis places specific vendors within one of four segments:"Leaders," "Visionaries," "Challengers," and "Niche Players."
"We are very pleased that FAST has been positioned in the leader quadrantof Gartner's 2004 Enterprise Search Magic Quadrant report," commented John M.
Lervik, FAST's chief executive officer. "We believe that our success isfirmly rooted in the fact that FAST offers our partners and customers aninnovative technology that enables them to create substantial new revenuesand realise cost savings through mission-critical search applications. Thecombination of our increasingly positive financial performance, exceptionallystrong technology and product offerings, as well as a rapidly growing clientand partner base leaves FAST well-positioned for continued marketleadership."
"In the past year, our search technology has further evolved, enablingbusinesses to effectively aggregate, index, and extract tremendous value fromdata collections existing on their enterprise and the Web," said Ali Riaz,FAST's chief operating officer. "The FAST Enterprise Search Platform (FASTESP(TM)) has also provided all the technology needed for organisations tocreate new, specialised search-dependent solutions, called Search DerivativeApplications (SDAs) for a growing number of unique business requirements,including Brand and Content Management, Fraud Detection, Market Intelligence,and Compliance."
Running on low-cost, high performance servers, the precision-engineeredFAST ESP enables organisations to efficiently gain a 360-degree view ofrelevant structured data stored in databases, as well as the unstructureddata of documents, emails, presentations, Web pages, and more. Whether dataexists in multiple databases and applications, on corporate intranets, or onthe Web, FAST ESP provides unlimited access and scalability in data volume,number of users, and freshness of data. It also enables organisations to drawone complete, accurate, secure, and intelligent view of all the informationthey need to advance the fortunes of the enterprise.
"We believe our positioning in this year's Enterprise Search MagicQuadrant report demonstrates our continued commitment to search innovation,which impacts businesses on a global scale," stated Bjørn Olstad, FAST'schief technology officer. "At FAST, our goal is to supply businesses andusers with the technology and user experience they require. To accomplishthis, we have married a no-technical-boundaries approach to our searchplatform, FAST ESP, with a clear understanding of real-world requirements,including extraordinary performance, precise accuracy, brand reach, and highROI."