Cambridge, Mass., November 4, 2002 Endeca, the only provider of Guided Navigation with advanced search solutions, today announced that Old Mutual (US) Holdings, a major global asset management company with over $122 billion in assets under management, will implement Endeca advanced search and Guided Navigation with added analytics and reporting capabilities. Endeca’s technology based on the patent-pending Endeca Navigation Engine platform will enable Old Mutual to easily navigate and search through large amounts of data across its 24 affiliates worldwide to pinpoint and analyze information - ultimately enhancing the information available to make informed business decisions.
Old Mutual will use Endeca’s unique Guided Navigation and advanced search, together with added analytics and reporting functionality, to enable executives to monitor operations and make decisions based on information revealed in a new analysis system. This new system, powered by Endeca, will allow Old Mutual to navigate and search the complex asset management information of Old Mutual’s diverse client base of institutions, retail and high-net-worth investors.
"We knew we needed a reporting solution that could search, navigate and drill down into marketing and operational data in a way that would be meaningful to our executives and managers," said Tom McLain, vice president of information technology for Old Mutual Asset Managers (US). "We were close to building a solution in-house, however, given the complexity of user experience with traditional business intelligence tools, we decided to look for a more robust solution. Endeca’s Guided Navigation functionality and ease of deployment were immediately identified as the best ways for us to deliver an analysis system that would reveal and promote the hidden value in our data while providing a powerful and simple-to-use tool for the organization."
The new analysis system will enable users to tap Guided Navigation for intuitive drill-down into product, portfolio and financial data, as well as provide the ability for dynamic, ad hoc, Web-based reporting that can be shared across desktops for quick analysis and real-time decision-making among Old Mutual executives and management teams.
"It is truly rewarding when a leading international asset management company like Old Mutual identifies Endeca technology as the solution to their executive business intelligence challenges," said Jim Baum, president and COO of Endeca. "Many companies today are faced with the ‘build versus buy’ decision. The flexibility of the Endeca Navigation Engine platform allowed us to develop and deliver a scalable solution with the search, navigation, analytics and reporting functionality, and ease-of-use required by Old Mutual to power their new analysis system."
Guided Navigation with advanced search from Endeca eclipses conventional "query and response" approaches to search, which place the burden on users to be familiar with the data set, have an idea of what to look for and how to describe the item, and finally to structure a query in a way the system will understand. In contrast, Guided Navigation provides an intuitive interaction model that eliminates all irrelevant information, and dynamically guides customers with only relevant and valid product choices.
Endeca navigation and advanced search solutions help businesses across a variety of sectors like retail, financial services and business-to-business with applications that address the information overload problems associated with content and catalog management as well as enterprise information access and retrieval.
About Endeca
Endeca offers innovative advanced search and Guided Navigation 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 retail, financial services and business-to-business companies like Barnes & Noble, Fidelity Investments, Eddie Bauer, and Arrow Electronics. 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 search results every time, and this technology can be applied across a wide-range of enterprise and customer applications including Customer Relationship Management (CRM) analytics, catalogs, directories, and search and portal integration. Endeca is a privately held company headquartered in Cambridge, MA 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 Old Mutual (US) Holdings
Old Mutual (US) Holdings, Inc. is the U.S.-based asset management holding company of Old Mutual plc, an international financial services firm based in London. Established in 2000, Old Mutual (US) Holdings is comprised of twenty-four asset management firms serving a global stable of clients representing the institutional, retail and high-net-worth markets. More information on Old Mutual is available at www.oldmutualus.com.