Hitt og þetta 18. apríl 2006

Fast Search & Transfer ASA acquires Corporate Radar

Nordic Business Report-April 18, 2006-Fast Search & Transfer ASA acquires Corporate Radar
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Norwegian real-time search solutions provider Fast Search & Transfer ASA said on Tuesday (18 April) that it has acquired US business intelligence platform provider Corporate Radar.

The purchase consideration amounts to a fixed part of USD8m in cash and shares and an earn-out of up to USD4m.

Corporate Radar offers web-based solutions for extracting, analysing and communicating information. The company reported revenues of USD2m in 2005.

One US dollar (USD) is worth approximately 0.57 British pounds (GBP).

((Comments on this story may be sent to tww.feedback@m2.com))