Convera® Corporation Announces the Sale of Its RetrievalWare® Business
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VIENNA, Va., Aug. 10 / -- Convera Corporation (NASDAQ:CNVR) -- ttp://www.convera.com/ -- announced today the consummation of the sale of its RetrievalWare business to FAST Search & Transfer for a purchase price of $23 million in cash. The acquisition was made final following approval from the Committee on Foreign Investment in the United States (CFIUS).
About Convera®
Convera is a leading provider of vertical search services for publishers. Based on a semantic index of the Web, Convera enables publishers to generate additional revenue by creating customized search applications for specialist audiences under their own brand. Many of the world's largest publishers rely on Convera vertical search services to accelerate their e-publishing strategies, meet growing monetization goals and build loyal online professional communities. Convera is headquartered in Vienna, Va. with major offices in Carlsbad, Ca. and Bracknell, UK. Convera is listed on NASDAQ under the ticker symbol CNVR.
FCMN Contact: kcowles@convera.com
Source: Convera Corporation
CONTACT:John Severance of Sheffield Marketing Partners,
+1-630-281-4097, jseverance@sheffieldcompany.com, for Convera
+Corporation
Web site: http://www.convera.com/
