Fast Data Search Selected as Winner of European IST Prize.Business Editors/High-Tech Writers OSLO, Norway--(BUSINESS WIRE)--July 25, 2003 FAST Selected from 420 Applicants for Highly Distinguished Award for Technical Excellence, Innovative Content, Strategic Business Planning and More Fast Search & Transfer(TM) (FAST(TM)), the leading developer of enterprise search and real-time alerting technologies, today announced that Euro-CASE has selected FAST Data Search(TM) as a 2004 European IST Prize Winner. FAST's enterprise search technology was selected as one of 20 Winners among 420 applicants from 28 countries based on highly competitive criteria including technical excellence, innovative content, potential market value and capacity to generate employment. The European IST Prize evaluation group consists of independent experts from 16 European countries, nominated by Euro-CASE. Organized by the European Council European Council, a consultative branch of the governing body of the European Union (EU). It is composed of the heads of government of the EU nations and their foreign ministers, in conjunction with the president and two additional members from the European of Applied Sciences, Technologies and Engineering (Euro-CASE), with the sponsorship and support of the Information Society Programme of the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community , the European IST Prize is the most distinguished award for innovative products and services in the field of Information Society Technologies. As part of being selected for this award for European innovation in information technology, FAST is invited to showcase FAST Data Search at the 2003 IST Event in Milan, Italy on 2-4 October, 2003, where it will have the opportunity to win the European IST Grand Prize The European Information Society Technologies Prize (European ICT Prize since 2006) is the most distinguished award for groundbreaking products that represent the best of European innovation in Information Society Technologies. . "FAST was founded based on academic research at the Norwegian University of Science and Technology The Norwegian University of Science and Technology, known by its Norwegian acronym NTNU (from Norges teknisk-naturvitenskapelige universitet), is located in Trondheim. in Trondheim, Norway. The FAST Data Search platform has emerged out of this research as a complement to database technology by providing extremely cost effective aggregation of large and heterogeneous data sources. FAST Data Search converts data into actionable information that can be accessed and analyzed in a uniform way. Both structured and unstructured information can be efficiently exploited to enable informed decisions," commented Bj0rn Olstad, FAST's chief technology officer. "It is a great honor to be selected as a European IST Prize Winner and we look forward to shape future IT infrastructures with our ability to turn demanding data streams into business critical decision support." The unique, single-platform approach of FAST Data Search is setting new, enterprise search standards for customers and partners worldwide by providing them with scalable, industrial strength search solutions that address their needs and allow them to migrate from smaller installations to enterprise-wide deployments, as required, without changing software platform. Ideal for smaller installations to the most demanding search and retrieval cases, FAST Data Search enables companies and organizations to develop information transparency and utilization across organizational units and geographical areas. This results in improved efficiency through collaboration, information sharing See data conferencing. , and real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. monitoring and filtering. With advanced linguistic technologies, categorization, dynamic result clustering, and support for over 225 file formats and 54 languages, the FAST Data Search product suite supplies a complete information retrieval information retrieval Recovery of information, especially in a database stored in a computer. Two main approaches are matching words in the query against the database index (keyword searching) and traversing the database using hypertext or hypermedia links. solution ideal for key vertical markets including Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. ; Government; Media and Publishing; Life Sciences and Pharmaceuticals; and e-Commerce applications. About the European IST Prize and Euro-CASE The European IST Prize is an award for groundbreaking products that represent the best of European innovation in information technology. It provides public recognition and a highly visible profile to entrepreneurial teams that excel in generating novel ideas and R&D and converting them into marketable products. The high standards of applicants and the competitive screening procedure for selecting the Winners make this Prize the most distinguished for new Information Technology driven products. The European Council of Applied Sciences, Technologies and Engineering (Euro-CASE) is a European non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. consisting of national Academies of Applied Science and Engineering from eighteen European countries. Euro-CASE has access to a unique resource of experts counting 5,200 individual Fellows of 18 national Academies. Based on its access to European top expertise, Euro-CASE provides impartial, independent and balanced advice on technological issues with a clear European dimension. Please visit http://www.it-prize.org for further information on the European IST Prize and Euro-CASE. About FAST Fast Search & Transfer (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 enables enterprise customers to elevate their search capabilities to unprecedented levels. FAST closes the gap between information and action, connecting people to the relevant information they seek regardless of medium, in turn driving revenue and reducing total cost of ownership by effectively leveraging IT infrastructure for our clients and world-class partners. A wide range of Global 3000 customers and partners, including AT&T, Cardinal Health, CareerBuilder, Chordiant, CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) , Dell, FirstGov.gov (GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. ), Freeserve, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Matrix (Italia Telecom), Overture, Reed Elsevier, Reuters, and T-Online (Deutsche Telecom) currently use FAST's powerful enterprise search technology solutions. FAST operates globally with offices in the United States (Boston, San Francisco), Europe (Norway, France, Germany, Italy, UK), and Japan. FAST is publicly traded under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors 'FAST' on the Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. . Please visit www.fastsearch.com for more information. (C)2003 Fast Search & Transfer ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and - Fast Search & Transfer, FAST, 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. |
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