CAMBRIDGE, Mass. -- October 23, 2007 -- Endeca Technologies, Inc., today announced that it has been named to Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications, and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002 to 2006.
Deloitte's 2007 Fast 500 featured a star-studded list of today's industry leaders -- SIRIUS Satellite Radio (ranked number 1), Google (70), Salesforce.com (129), TiVo (179), Yahoo! (270), Netflix (283), Symantec (456) -- and market disruptors in the making. Endeca was ranked number 64 with an increase in revenues over five years of 2,685 percent.
Overall, companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 percent. Of the 500, 52 percent were public and 48 percent were private.
Endeca's CEO Steve Papa credits the company's continued focus on innovation and the broad applicability of its unique technology platform with the company's growth. Papa said, "We've strived to foster an entrepreneurial culture at Endeca and have always sought people who thrive under those conditions. It's this ability to retain the energy and enthusiasm of a start-up that set us apart from the competitors and fueled our rapid growth from a specialized challenger into a recognized market leader in a matter of a few short years."
"To rank on Deloitte's Technology Fast 500, companies must achieve phenomenal revenue growth over five years," said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We applaud Endeca for being among the fastest-growing companies in North America."
Fast 500 selection and qualifying criteria
The Fast 500 ranks the fastest-growing technology, media, telecommunications, and life sciences companies in North America. It is compiled from Deloitte's 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
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, Mass., USA, Endeca is a private company with worldwide operations. For more information: endeca.com or info@endeca.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.