CAMBRIDGE, Mass., May 17, 2006 -- Endeca, a next-generation search and information access company, today announced that Michael Porter and Edwin Gillis have been appointed as independent members of the company's Board of Directors. Porter will chair the newly formed Strategy Committee of the Board, and Gillis will chair the new Audit Committee of the Board. Both new committees were created to guide Endeca through its continued phase of rapid growth.
Michael Porter is the Bishop William Lawrence University Professor based at Harvard Business School and the world's foremost authority on competitive strategy. Porter has authored 17 books, including the renowned 1990 book The Competitive Advantage of Nations, and more than 125 articles on competitive strategy and the competitiveness and economic development of states, nations and regions. He advises CEOs and heads of state from around the world. He also serves on the boards of Thermo Electron and Parametric Technology Corporation. Porter received an MBA with high distinction in 1971 from the Harvard Business School, where he was a George F. Baker Scholar, and a Ph.D. in Business Economics from Harvard University in 1973.
In conjunction with Michael Porter's appointment to the board, Endeca announced the creation of the Strategy Committee of the Board with Michael Porter as chair.
"Endeca's fundamental technology promises to redefine the way companies and other organizations access and use information," remarked Porter. "It offers strategic advantages across numerous industries and applications. I am privileged to help guide Endeca's strategy as the company brings this important innovation to the market."
Over the last 15 years, Edwin Gillis has been the CFO of three of the 20 leading publicly traded software companies in the world. Most recently, he was executive vice president and chief financial officer of Veritas Software, where he was responsible for overseeing all aspects of the company's financial management, control, reporting, planning and investor relations. Prior to Veritas, Gillis was executive vice president and chief financial officer of Parametric Technology Corporation and chief financial officer of Lotus Development Corporation. Gillis, a CPA and former partner at Coopers & Lybrand, holds a master's degree in international relations from the University of Southern California, and an MBA from Harvard Business School.
Edwin Gillis has been appointed to chair Endeca's Audit Committee of the Board.
"I have had the good fortune to help build several well-respected dominant software companies," stated Gillis. "Endeca has built a strong foundation, and I look forward to providing stewardship to help advise Endeca on how to successfully scale the business, implement best-practices around Sarbanes-Oxley compliance, and build the pre-eminent information access software company."
"The appointments of Michael Porter and Ed Gillis represent a significant milestone in the evolution and growth of Endeca," said Steve Papa, CEO of Endeca. "Endeca began as a venture-backed company conducting basic scientific research and, over the past five years, has evolved into one of the leading private software companies in the US, powering mission-critical information access applications throughout the Global 2000. We are fortunate that the quality of Endeca's business and its future market potential have attracted the involvement of highly sought-after leaders like Ed Gillis and Michael Porter. I look forward to their guidance and contribution to governance excellence on our Board of Directors."
The full composition of the Endeca Board of Directors is now:
About Endeca
Endeca is a next-generation search and information access company. Combining patented intellectual property, breakthrough science and a deep focus on user experience, the Endeca Information Access Platform helps people find, analyze and understand information in ways never before possible. Leading global organizations like ABN AMRO, Bank of America, Boeing, Costco, Cox Newspapers, The (US) Defense Intelligence Agency, The Home Depot, Hyatt, IBM, John Deere, Lehman Brothers, The Library of Congress, Texas Instruments, and Walmart.com rely on Endeca to power business-critical applications that increase revenue, reduce costs and streamline operations.
Headquartered in Cambridge, MA, Endeca is a private company with operations in North America, Europe and Asia. For more information: www.endeca.com or info@endeca.com.