CAMBRIDGE, Mass., December 13, 2006 -- Endeca, a next-generation information access company, announced that its chief executive officer, Steve Papa, will address students and researchers tonight at the popular MIT $100K Entrepreneurship Competition, offering guidance and feedback to tomorrow's business leaders. Papa was an MIT Entrepreneurship Competition finalist in 1998 as a member of the Akamai Team.
Papa founded Endeca in 1999, grew the company from a start-up to recognized global market leader, and played a key role in attracting hundreds of new customers, including more than 20 percent of the Fortune 100. Over the last five years, Endeca has reported a compound annual growth rate (CAGR) of greater than 100 percent, making it one of the world's fastest growing software companies. Leading global organizations like ABN AMRO, Bank of America, Boeing, Cox Newspapers, Dice, The (US) Defense Intelligence Agency, The Home Depot, Hyatt, IBM, John Deere, The Library of Congress, Nike, and Walmart.com now rely on Endeca's software to power business-critical applications that increase revenue, reduce costs and streamline operations.
Now in its 18th year, The MIT $100K Entrepreneurship Competition is designed to encourage students and researchers in the MIT community to act on their talent, ideas and energy to produce tomorrow's leading firms. The Competition has awarded hundreds of thousands of dollars in cash and business startup services to outstanding teams of student entrepreneurs who submitted business plans for new ventures showing significant business potential. The refinement process of the Competition, its network of mentors, investors and potential partners, and the cash prizes awarded have helped many of these teams to act on their dreams and build their own companies and fortunes.
WHO: Steve Papa, chief executive officer, Endeca
WHAT: Presentation and tips on how to build future market-leading companies
WHEN: Tuesday, December 12, 7 PM ET
WHERE: 32-123, Kirsch Auditorium, MIT, Cambridge, Mass.
About Endeca
Endeca is a next-generation information access company, uniting the ease of search with the analytical power of business intelligence. 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, Cox Newspapers, Dice, The (US) Defense Intelligence Agency, The Home Depot, Hyatt, IBM, John Deere, The Library of Congress, Nike, and Walmart.com rely on Endeca to power business-critical applications that increase revenue, reduce costs and streamline operations.
Headquartered in Cambridge, MA, USA, Endeca is a private company with worldwide operations. For more information: www.endeca.com or info@endeca.com.
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