Rapid Adoption of Information Access Technology Fuels Dramatic Organic Growth, Record Profitability and Geographic Expansion
CAMBRIDGE, Mass. -- February 13, 2007 -- Endeca Technologies, Inc., an enterprise information access software company, today announced 100 percent year-over-year revenue growth in 2006. The company reached record revenue and profitability levels as it signed over 100 new customers and dramatically expanded the use of its technology platform within its installed base. To meet market demand, Endeca added more than 100 new employees, opened a new corporate headquarters, established new operations in the United States, Canada, Europe, and Australia, and built out its channel business with key new reseller and systems integrator partnerships.
"Over the past year we have seen a dramatic -- and favorable -- shift in the market," said Steve Papa, CEO of Endeca. "Information access has become recognized as the solution that can overcome failed attempts to address information discovery using enterprise search or with the misapplication of business intelligence and database platforms."
2006 Highlights:
- Signed more than 100 new customers: included market leaders like ACP Media Limited (autotrader.co.nz), Affinia, Amphenol Corporation, Emap, International Paper, Kohl's, L-3 Communications, Lonely Planet, PerkinElmer, Trader Media Group (autotrader.co.uk), William Reed, and Yellow Pages Singapore.
- Introduced the first Information Access Platform: The first enterprise-class platform to unite the simplicity of search engines with the analytical power of business intelligence tools; The Endeca Information Access Platform quickly becomes the foundation for new classes of applications designed to accelerate and improve enterprise-wide decision making through the exploration, discovery and analysis of information.
- Expanded the use of the Endeca IAP within the installed base: Dozens of existing businesses and government customers like CDW, Circuit City, the (US) Defense Intelligence Agency, The (US) Department of Justice, Nike, IBM, Tech Data and expanded their use of the Endeca Information Access Platform (IAP) throughout their respective enterprises, creating a wide variety of additional, high-value information access applications.
- Awarded two pioneering information access patents by USPTO:The patents cover the company's hierarchical data-driven navigation system and method for information retrieval, widely known in the information access market as the Guided Navigation® experience (see: http://endeca.com/_assets/pdf/demo.html, as well as key extensions of this approach.)
- Appointed Michael Porter and Edwin Gillis as independent members of the company's Board of Directors: Appointments provide foundation for governance excellence; Porter to lead newly established strategy committee; Gillis to lead newly established audit committee (read more)
- Named 2006 IBM Partnerworld Beacon Award Winner for best information management solution (read more)
- Named 2006 AMR Research Innovation Award Winner for best mid-sized company (read more)
- Named as one of 20 to Watch in 2007 by Outsell, Inc.: Identified as one of 20 companies that will shake up the information and publishing industries in 2007, according to a new report from EPS, an Outsell, Inc. company. Endeca joins other rapid growth companies like Digg, Facebook, Mozilla FireFox, Salesforce.com (NYSE: CRM), Second Life and YouTube (now owned by Google, NASDAQ: GOOG).
- Named leader in Forrester and Gartner Reports: Positioned by Gartner, Inc. in the leaders quadrant of the 2006 Information Access Technology Magic Quadrant report1; Forrester Research, Inc. recognized Endeca as a leader in enterprise search platforms, according to the new Forrester Wave: Enterprise Search Platforms, Q2 2006.
- Signed and Expanded Key Partnerships with Business Objects, IBM, i2 , Omniture, Silver Creek Systems
- Unveiled New SEO Capabilities and Best Practices for Guided Navigation-based Web sites (read more)
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.
1Magic Quadrant for Information Access Technology, 2006, by Whit Andrews and Rita E. Knox, published October 6, 2006 by Gartner, Inc.