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Fast Search & Transfer ASA acquires Corporate Radar.

NORDIC BUSINESS REPORT-18 April 2006-Fast Search & Transfer ASA acquires Corporate Radar(C)1994-2006 M2 COMMUNICATIONS LTD

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).

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EXNO
Date:Apr 18, 2006
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