OSLO (AFP)–U.S. software giant Microsoft Corp. (MSFT) will base its global research and development center for specialized search engines used by companies in Norway, company Chief Executive Steve Ballmer said Tuesday.
“The global center for our enterprise search R&D will be done here from Norway,” Ballmer told reporters after meeting with Norwegian Prime Minister Jens Stoltenberg in Oslo.
The move was made possible by Microsoft’s recent purchase of Norwegian company Fast Search & Transfer for 6.6 billion kroner ($1.2 billion), he said.
“We now have a significant research laboratory here in Norway…with the acquisition of Fast,” which operates in Europe, the U.S., Asia, Australia and the Middle East, he said.
Microsoft, which currently employs 300 people at three Norwegian centers in Oslo, Trondheim and Tromsoe, will hire another 50 people in the Scandinavian country, he said.
Click here to go to Dow Jones NewsPlus, a web front page of today’s most important business and market news, analysis and commentary: http:// www.djnewsplus.com/al?rnd=ssOOQJa0bVq17iQhEhuI6g%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
Copyright (c) 2008 Dow Jones & Company, Inc.