Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
Second-quarter revenue at FAST Search & Transfer, a provider of enterprise site search technology, rose 60% year-over-year to $38.5 million, the company says.
Revenue at FAST Search & Transfer, a provider of enterprise site search technology, rose 60% to $38.5 million for the second quarter ended June 30, up from $24.07 million a year ago, the company says.
The second quarter marked the 14th consecutive quarter of producing record revenue, CEO John Lervik says.
For the first six months, revenue rose 57% year-over-year to $71.32 million from $45.34 million.
FAST attributes part of its growth to demand for its contextual search technology, which it upgraded in Q2 with tools that support search-powered social network experiences, it says.