CSIRO's Funnelback sale good for competition

Last Friday, CSIRO announced the sale of Funnelback, which was developed by the CSIRO and the Australian National University, to Squiz.
 
Kirkby said Squiz's purchase of Funnelback would create a strong Australian player in the global market.

"The merging of these two successful Australian IT companies bodes well for their clients and future prospects as they will have access to best-of-breed technology and staff," he said.

Funnelback's flagship product, Funnelback Enterprise, is a search solution that searches content assets across Internet, intranet, database and shared network drives, as well as electronic document management and portal systems.

It is used by a broad range of customers including the Australian Securities Exchange, Oxfam, Westpac, the Australian Broadcasting Corporation and Australian State and Federal government departments.

Squiz is a privately owned global content management company and the authors of the MySource Matrix, an open source content management system used by governments, universities and corporations.