Fast and Traction Software Partner to Combine the Power of Search and Enterprise Blogging

Fast and Traction Software Partner to Combine the Power of Search and Enterprise Blogging OSLO, Norway & NEEDHAM, Mass. & PROVIDENCE, R.I.--(BUSINESS WIRE) --June 12, 2006-- FAST InStream(TM) OEM enterprise search solution and Traction's TeamPage(TM) hypertext blog / wiki platform provide businesses with secure search, collaboration and information-sharing capabilities.

Fast Search & Transfer(TM) (FAST(TM)) (OSEAX: FAST.OL), the leading developer of enterprise search technologies and solutions, and Traction Software, the leading provider of enterprise blog software, today announced an OEM partnership to add FAST's unique search and navigation capabilities to Traction Software's TeamPage(TM) collaboration solution. Traction's TeamPage gives business and government organizations the ability to easily organize and share business-critical information. TeamPage will be integrated with FAST InStream(TM), an OEM-specific enterprise search solution developed specifically to meet the complex application-based search requirements of independent software vendors (ISVs).

"Blogs are one of the fastest growing enterprise solutions and businesses are recognizing that the ability to easily find information contained within enterprise blogs is critical to improving worker productivity," said Ali I. Riaz, president of FAST Search. "The combination of Traction's enterprise blogging technology with FAST's superior searching capabilities will enable organizations to improve the quality and efficiency of collaboration both inside and outside the firewall."

Traction Software gives businesses the ability to collaboratively create, analyze and share valuable information such as market research, competitive intelligence, corporate communications and business development information. Traction's products combine the best of blog and wiki models with built-in sharing and versioning of office documents in context. Traction plugs into a company's existing infrastructure or operates stand-alone on an intranet or extranet.

"Every organization can benefit from the ability to securely collect, link, share and edit business-critical information. FAST provides contextually aware search including navigation by person, place, location and date, making our enterprise blogging solution an unbeatable resource for every employee," said Greg Lloyd, CEO and Founder, Traction Software. "Partnering with FAST enables us to provide the most scalable search for our customers and ensures that our solutions can also be integrated throughout the enterprise."

FAST InStream is an enterprise search solution specifically designed to increase the value of enterprise applications and boost ROI by leveraging the power of FAST Enterprise Search Platform (FAST ESP(TM)) technology. Supporting both structured and unstructured data, FAST InStream provides unique value across all types of software applications, and will be an asset for Traction customers seeking instant access to highly relevant data.

About Traction Software

Traction Software provides business and government organizations with enterprise blog / wiki software that allows groups and teams to communicate more effectively. Traction's easy to use TeamPage(TM) software creates a secure communications hub for business information and working communications that collects, organizes, links and shares sources of information in context over time. TeamPage is used for business applications ranging from product development and project management to marketing field communication, competitive intelligence, and sales. Traction Software has been named one of the 100 Companies that Matter by KMWorld and is a winner of the RedHerring 100 and eContent 100 awards. The company distributes its products directly and through global partners. Based in Providence, Rhode Island, Traction Software is a privately held corporation with financing from investors including In-Q-Tel and Slater Interactive. For additional information, visit Traction at http://www.tractionsoftware.com/.

About FAST

FAST is the leading developer of enterprise search technologies and solutions that are behind the scenes at the world's best known companies with the most demanding search problems. FAST's flexible and scalable enterprise search platform (FAST ESP) 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 solutions are used by more than 2,600 global customers and partners, including America Online (AOL), Cardinal Health, CareerBuilder.com, Chordiant, CIGNA, CNET, Computer Associates, Dell, EMC Documentum, Factiva, Fidelity Investments, Findexa, IBM, Knight Ridder, LexisNexis, Merrill Lynch, Rakuten, Reed Elsevier, Reuters, Sensis, Stellent, Tenet Healthcare, Thomas Industrial Networks, T-Online, US Army, Virgilio (Telecom Italia), Vodafone, and Wanadoo.

FAST is headquartered in Norway and is publicly traded under the ticker symbol 'FAST' on the Oslo Stock Exchange. The FAST Group operates globally with presence in Europe, the United States, Asia Pacific, Australia, South America, and the Middle East and Africa. For further information about FAST, please visit www.fastsearch.com.

(C) 2006 Fast Search & Transfer ASA - Fast Search & Transfer, FAST, FAST ESP, Contextual Insight and the FAST logo are trademarks of Fast Search & Transfer ASA. All rights reserved.

Contacts
Fast Search & Transfer
Brian Greehan, +1-781-418-2414
fast@daviesmurphy.com
or
Europe:
Carine Zeier, +47 23 01 12 00
pr@fastsearch.com
or
Traction Software
Red Javelin Communications
Jen Revis Snider, +1-617-795-0798
jen@redjavelin.com

At A Glance Fast Search & Transfer (FAST)
Headquarters: Oslo, Norway &, (U.S.) Boston, Massachusetts
Website: fastsearch.com
CEO: John M. Lervik
Employees: 482
Organization: Listed on Oslo Børs as 'FAST'
Source: via Business Wire
Updated 04/13/2006 by company