Cambridge, Mass. April 30, 2003 Endeca, the only provider of Guided Navigation and advanced search solutions, announced today that Gartner, Inc., a globally respected research and advisory firm to many of the world’s most successful companies, has positioned Endeca in the Visionary Quadrant of its 2003 Magic Quadrant report on enterprise search. Gartner's Magic Quadrant is designed to evaluate vendors on the basis of completeness of vision and ability to execute.
For Endeca customers, the solution provides highly effective Guided Navigation which helps them succeed by wrapping the results of the search, navigation and analytics in a tailored context that tells them how to refine and explore further. Guided Navigation provides an intuitive interactive model that solves the problems found in more traditional approaches.
Corporations rely on the Gartner Magic Quadrant reports as an independent source of guidance when making significant decisions regarding technology investments and infrastructure improvements. More than 21 enterprise search solutions were evaluated for the 2003 report. The criteria for the evaluations ranged from completeness of the vision to ability to execute to financial strength. The 2003 Magic Quadrant report on enterprise search is available directly from Gartner at www.gartner.com. According to Gartner, visionaries have a clear vision of market direction and are focused on preparing for that, but they can still improve in terms of optimizing service delivery.
"For today's enterprise companies, advanced, accurate and manageable information access and retrieval solutions are a strategic necessity to help workers of all types find the information they need to perform better in their jobs and make smarter decisions," said Steve Papa, CEO and founder of Endeca. "For Gartner to position Endeca’s best-of-breed search and Guided Navigation technology in the Visionary quadrant is a confirmation of the type of innovation and functionality we are committed to bringing to the enterprise search market."
Endeca's Guided Navigation with 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, catalog and enterprise information access and retrieval. Endeca solutions are built on innovative technology that makes it possible for the first time to offer Guided Navigation and advanced search on structured and unstructured information with high performance, and low total cost of ownership, even at massive scale.
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, Putnam 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. This technology can be applied across a wide-range of enterprise and customer applications including Customer Relationship Management (CRM) analytics, catalogs, directories, 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. Endeca is an IBM Advanced Business Partner and is a preferred provider of IBM’s WebSphere Commerce Group. For more information, please visit www.endeca.com or email us at info@endeca.com.
*The Magic Quadrant is copyrighted "Magic Quadrant: Enterprise Search," 4/03 by Gartner, Inc. and is reused with permission. Gartner’s permission to print or reference its Magic Quadrant should not be deemed an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner’s opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner-defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Gartner does not advise enterprises to select only those firms in the Leaders segment. In some situations, firms in the Visionary, Challenger, or Niche Player segments may be the right match for an enterprise’s requirements. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources including other published information and direct analyst interaction. Gartner expressly disclaims all warranties, express or implied of fitness of this research for a particular purpose.