CAMBRIDGE, Mass., July 7, 2005 -- Endeca, the leading provider of Guided Navigation®, Search and Analysis solutions, today announced that it has been chosen by AlwaysOn as one of the Top 100 Private Company award winners. Endeca was handpicked by the AlwaysOn editorial team based on a set of five criteria -- innovation, market potential, customer adoption, media buzz and investor value creation.
The AO 100 was selected from over 1,000 companies, peer-nominated by leading venture capitalists, investment bankers and industry analysts. The AO 100 consists of private companies at all stages of development, from early to late stage.
In 2001, Endeca introduced a new approach to information access and retrieval called Guided Navigation®, and in the process redefined "search" as it is commonly known. Guided Navigation integrates the two most common means of finding information online -- searching and browsing -- allowing users to continually adapt and hone their search based on their own determination of relevancy. This patent-pending approach is now the foundation of Endeca's award-winning and highly successful enterprise search (Endeca ProFind™), market-leading e-commerce search (Endeca InFront®), and ground-breaking access and analysis (Endeca Latitude™) solutions, which create intuitive customer and employee interactions with huge volumes of product data and enterprise content -- giving these important users the powerful tools to make informed purchasing and business decisions. Since its selection to the 2004 AO100 list, sales of Endeca-based products and services have grown by over 100 percent. The company’s over 200 marquee customers include industry leaders and government organizations like Ace Hardware, Bank of America, Barnes & Noble, The Home Depot, IBM, John Deere, The Library of Congress, The McClatchy Company, NASA, The National Cancer Institute, Tesco, Walmart.com and several federal law enforcement and intelligence agencies.
"The AO 100 companies are shaping today's web-driven, connected environment," said Tony Perkins, founder and editor of AlwaysOn. "We were inundated with nominations from leading companies, many of which I hope will appear on our list next year. My congratulations to each AO 100 winner -- these are the companies which we predict will have the greatest market traction, strongest innovation and most game-changing approaches this year."
"Endeca's remarkable success over the past few years is a testament to the hard work and innovation of our talented and ever growing staff across the globe," said Jim Baum, president and CEO of Endeca. "We are incredibly pleased and honored with our second consecutive selection to the AO 100. It’s a great milestone as a private company."
The AO 100 will be honored at the AO2005: Innovation Summit at a VIP reception at 5.00pm on July 19, 2005 at the Frances C. Arrillaga Alumni Center on the Stanford University campus in Palo Alto, California.
About Endeca
Endeca's award-winning Guided Navigation, Enterprise Search, and
Analysis solutions help organizations integrate, discover, and
navigate enterprise data to solve business problems associated with
information overload. Endeca’s customers include a wide range of
enterprises, including retailers (Barnes & Noble, The Home
Depot, Wal-Mart); financial services (Bank of America, MFS
Investment Management, Putnam Investments); manufacturing and
distribution (IBM, Arrow Electronics, and John Deere); media and
publishing (World Book and IHS) and government (the Library of
Congress, NASA, and the National Cancer Institute). Endeca is a
private company headquartered in Cambridge, MA. More information:
www.endeca.com or info@endeca.com.
About AlwaysOn
ALWAYSON is transforming the communication business with its online
blogging network, establishing it as a leader in the Open Media
revolution. Borrowing from the underground traditions of blogging
and social networking, ALWAYSON was launched in 2003. Today, AO's annual
Summit @ Stanford and OnHollywood events, print "blogozine" and
online services encourage direct collaboration between global
thought leaders and technology insiders. No other media brand has
dared allow such openness amongst its readers and participants.
ALWAYSON, LLC, is a privately held and virtually headquartered
company born out of the heart of Silicon Valley.
# # #