Released on: 30, August 2007
, Author: Amaze / Wildfire PR
, Audience: Internet related
London, 30th August, 2007: Amaze, a web technology solutionscompany, is offering a safe option to customers of Norwegian FAST Search & Transferwho are facing uncertainty following FAST s larger than expected second quarterlosses and recent revenue restructuring. Known as FAST alternative , the programmeis available immediately and will see Amaze use its expertise and knowledge ofAutonomy s, meaning-based computing platform IDOL, to guarantee business continuityfor FAST and Convera customers.
On 8th August, FAST reported an operating loss of $37.8 million, down from lastyear's $3.9 million profit. Sales, meanwhile, came in at $34.1 million, down fromlast year's $38.5million, and around $20 million below analyst revenue expectationsof $53.5 million to $57 million. These losses, combined with the company s recentannouncement of its change in revenue recognition policy, a $55m restructuringcharge and significant lay-offs, has prompted many to question the stability andviability of the company.
FAST alternative is designed to help existing FAST customers examine options andensure they have a solid future information management strategy and enterprisesearch platform. The programme offers several benefits including credits forinvestment in existing systems, collaborative forums, educational initiatives,reference materials, as well as enterprise search best practice workshops to learnabout how to get the most out of information assets, to ensure support for bothshort and long term needs.
It s a worrying time for all FAST customers, who rely on the company s real-timesearch and analysis functionality to do their jobs accurately and successfully, commented Stuart Melhuish, CEO, Amaze. By offering the FAST alternative programme, we can work with customers to not only ensure business continuity but tosuggest and implement new and innovative products and solutions that can improvetheir business efficiency.
Notes to Editors:
For further press information please contact:Laurie GlimmerveenWildfire PRTel: 0208 339 4420Email: amaze@wildfirepr.co.uk
About Amaze:Amaze is a web technology solutions company. Their user focused approach combines aclient's business objectives with user needs to deliver consultancy and solutionswhich innovate the way organisations use web technologies and deliver results. Theyoffer a broad range of solutions including Business Efficiency Applications, DigitalMarketing, Portals and Knowledge Management and e-Learning.
Source: Express-Press-Release.com
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