Cambridge, Mass., March 18, 2002 - Endeca, provider of information delivery software infrastructure for enterprise business analytics, today announced that Putnam Investments, one of the world’s largest investment management firms with $303 billion in assets under management, will deploy Endeca solutions across the enterprise to enhance customer service and extend business insights through more rapid and thorough understanding of large customer and product data stores. Putnam will implement Endeca’s data navigation and analytics solution built on the Endeca Navigation EngineTM. Endeca’s analytic infrastructure will provide comprehensive access to data, and advanced ad hoc query and reporting solutions. Putnam intends to deliver these solutions to a range of internal and external users, accessing and delivering information from a wide variety of data sources.
Endeca’s business analytics solution is the first to fully integrate navigation and search with an intuitive, dynamically refined user interface that enables powerful and extremely fast multi-dimensional queries across huge data stores. Unlike rigid and notoriously complex current generation business intelligence technologies, Endeca’s Guided Navigation approach allows end users to select and re-select attributes, thereby enabling exploration and discovery that can lead to better decision-making. Endeca lets users view, slice, and drill down through any data dimension in any order, and lets them zoom in instantly from aggregate views down to the most granular underlying records, regardless of the scale and complexity of the underlying data. Endeca combines search, navigation, and analytics by putting the results of each query in a precise context that tells users exactly how they can refine and explore further.
"Financial services companies have a wealth of customer, product and sales data that needs to be delivered and accessed by a wide range of workers for smarter decision-making. The institutions that recognize the potential value in this data and the power of its conversion into actionable information will be best poised for success in today's competitive marketplace," reports Rob Hegarty, Director, Investment Management, for TowerGroup, the leading research and advisory firm within the financial services industry.
Steve Papa, CEO of Endeca, commented: "We are proud to solve key information delivery problems at Putnam that no one else could. We’ve been able to overcome challenging scale and data integration problems but more importantly, Guided Navigation makes it easier and faster for Putnam to leverage the value of their enterprise data."
About Endeca
Endeca offers innovative Guided NavigationSM information delivery solutions for companies who need to integrate, discover, and navigate enterprise data to solve the business problems associated with information overload. Endeca technology is already at work for leading financial services companies, and is powering TowerRecords.com and IHS Engineering, the leading worldwide provider of technical standards, specifications, logistics and parts information. Endeca solutions empower users to explore and discover relevant relationships in data and find accurate and precise results with unprecedented speed. Patent-pending algorithms provide a scalable, Web-based infrastructure for data exploration, leading to highly relevant and meaningful results every time.
Endeca technology can be applied across a wide-range of enterprise and customer applications including Customer Relationship Management (CRM) analytics, catalogs, directories and portal integration. Endeca solutions unlock the value in enterprise data and help businesses increase productivity, make better and faster decisions, and improve overall employee and customer satisfaction. Endeca is a privately held company headquartered in Cambridge, MA with sales offices in Boston, Chicago, Denver, New York, San Francisco, Washington DC and London and is backed by leading venture capital firms including Ampersand Ventures, Bessemer Venture Partners and Venrock Associates. For more information, please visit www.endeca.com or email us at info@endeca.com.
About Putnam
Putnam Investments is a global money management firm with 65 years of investment experience, more than $300 billion in assets under management, over 700 institutional clients, and 14 million shareholders and retirement plan participants.
About TowerGroup
TowerGroup provides a comprehensive range of research and advisory services focused on the financial services industry, bringing some of the world's largest financial services, technology, and consulting firms a deeper understanding of the business and technology issues impacting them. TowerGroup is headquartered near Boston, Massachusetts.