January 11, 2008 - Jean Ferré, Président of Sinequa, reacts to Fast acquisition by Microsoft. (CFO-News )
" ... Following the takeover of Fast by Microsoft, Jean Ferré, President of Sinequa, enterprise search and navigation software company, comments on the acquisition of Fast by Microsoft. ... "
" ... Due to the size of Fast and the amount of the transaction, this acquisition represents one of the largest for Microsoft. This demonstrates the fact that the market is buoyant and that the need within companies and large organizations is well established.
This reinforces our strategy over the past three years which is to functionally and technically resolve the issues of shared and universal access to information and internal knowledge. With ‘Connect to Knowledge™’, we are well beyond a simple search engine... "
" ... The digestion of the acquisition in the commercial, technical and operational sense will certainly take some time, and does not guarantee Microsoft’s ability to provide a solution that will efficiently meet the research needs of large enterprises
It will not be easy to sell a proprietary universe, portal and document management system and a universal search engine simultaneously, to facilitate the integration of all applications. Today, Sinequa benefits from years of experience and a considerable advance in the search engine field integrating hundreds of different applications, we have a comfortable margin to continue our development. Our enterprise search solution is well ahead of that of Microsoft in terms of relevance, scalability, and richness in functionality and has long exceeded that of Fast in terms of rapid implementation and overall cost of deployment. Sinequa will continue to compete with the giants in the market, with an annual growth rate of around 100% and a success rate in product testing of 90% against the market leaders, we are very confident. Today the landscape of the market is very crowded and consolidation will not only make it clearer, but also allow us to increase our visibility in this dynamic market. This acquisition confirms the disappearance of a competitor who had not generated any business for some time and brings us closer to our objective to become the European leader of high-end search engine solutions for enterprises.” …”
Back
