EBAY TO ENHANCE SITE PERFORMANCE WITH FAST DATA SEARCH™
Integration of Scalable FAST Solution Will Reduce Search Time for eBay Users
Oslo, 15 August 2001 - Fast Search & Transfer (FAST), a leading developer of search and alert technologies that power the information-on-demand economy, today announced that eBay Inc®., the world’s online marketplace (Nasdaq: EBAY), will deploy FAST Data Search™ as the search solution across its worldwide network of websites.
FAST Data Search will enable eBay to provide its 34 million worldwide users with faster, more accurate listing, bid and query results and will dramatically reduce the time it takes for new items to become listed on the site and available to users. The cutting-edge search solution will help eBay increase user satisfaction and completed transactions.
“Bringing buyers and sellers together is what eBay is all about,” said Chuck Geiger, eBay’s Vice President of Architecture and Technology Strategy. “The faster we can connect people to the products they are looking for, the better the online trading experience. FAST Data Search is capable of delivering the search performance and speed our users demand.”
“FAST’s technology is designed to cost effectively deliver superior performance – and sustain this performance through high data volumes and query rates” said Rob Fisher, CEO of Fast Search & Transfer. “Our goal is to continue to create technology that connects people and information faster – what we call ‘information-on-demand.’ By using FAST Data Search, eBay will be providing its users with the best online shopping experience possible, while at the same time lowering its operating costs.”
Terms of the agreement were not disclosed.
About FAST
Fast Search & Transfer ASA (FAST) powers the "information-on-demand" economy through a powerful platform of search and real-time filter solutions. FAST technology unlocks the ever-expanding volume of information on the wired and wireless Internet, and within enterprise networks and intranets. AlltheWeb.com, FAST's showcase product, is the world's most comprehensive and freshest Internet serch engine. Information-on-demand market leaders relying on FAST's highly scalable offerings include IBM, Qwest, Dell, Ericsson, KPNQwest, Terra Lycos, Reed Elsevier and TIBCO Software. Shares in FAST are traded on the Oslo Stock Exchange under the ticker FAST in Oslo, Norway. Please visit www.fastsearch.com for more information or try www.alltheweb.com.
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The coverage on AuctionBytes indicated that according to a consultant, indexing might go from a lag time of 6-12 hours to 34 minutes. The system is supposed to go into effect late this year or early next year.
