Endeca reports $108 million in annual revenue, key wins

Company continues to expand footprint in core markets, bringing better information visibility and better decision-making to hundreds of organizations

Printer-friendly version

CAMBRIDGE, Mass. — January 29, 2008 — Endeca Technologies, Inc., an information access software company, today announced 2007 annual revenue of $108 million and the company's 20th consecutive quarter of year-over-year growth. The news comes on the heels of key new investments in Endeca from SAP and Intel (see related news) as the company plans continued product innovation and aggressive expansion into core markets.

In 2007 Endeca helped the world's leading organizations solve hundreds of their most critical information access problems. One customer reported an annual increase of $370 million in online revenue. Another customer increased page views by 130 percent by partnering with Endeca. And a Federal agency reduced a three-day reporting cycle to minutes. Endeca's manufacturing customers are cutting hundreds of millions of dollars out of their supply chains using Endeca solutions to revolutionize the daily decision-making of thousands of engineering, procurement, and sourcing professionals.

2007 highlights include:

  • Signed more than 100 new enterprise customers and expanded the use of the Endeca Information Access Platform within the installed base: Key wins included many market leaders and respected organizations such as Avnet, Boeing, Borders, BT Group, the (US) Census Bureau, the (US) Department of Homeland Security, the (US) Department of Defense, Ford Motor Company, LexisNexis, Panasonic, Scripps Networks, Standard Chartered Bank, and the US Air Force.
  • Named industry veterans Mark Riggs (formerly vice president of Business Objects) as worldwide head and senior vice president of Endeca's Customer Solutions organization and Ben Gaucherin (formerly CTO of Sapient) as the Customer Solutions organization's chief technology officer.
  • Introduced the next generation of signature Guided Navigation® experience with native 64-bit release of the Endeca Information Access Platform and unveiled the Endeca Discovery Suite, advancing the state-of-the-art in eCommerce and online publishing. The suite's first two entries are the Social Navigation Module and Search Engine Marketing Module.
  • Teamed with IBM to introduce the IBM Risk Insight solution, built on the Endeca Information Access Platform. The new solution provides lending financial institutions unprecedented transparency into risk portfolio dynamics to better investigate portfolio risk, minimize risk concentrations, and take appropriate action.
  • Announced the 2007 Endeca Navigator Awards recognizing innovative, pioneering applications of information access technology to solve critical business challenges. 2007 winners include the Defense Intelligence Agency, LexisNexis (a division of Reed Elsevier), Marriott International, Nike, Emap plc, Harris Corporation, and Buzzillions.
  • Introduced the first information access developer community, the Endeca Developer Network (EDeN) at Endeca Discover 2007. By year end the community included more than 3,000 active members representing more than 400 customer and partner organizations.
  • Continued to solidify new channel alliances as strategic partners played an increasingly large role in key deployments, technology innovation, and significant wins. Global solutions integrator partners Cognizant, IBM Global Business Services, Infosys, and Sapient and regional solutions integrator partners like BlueFish, Brulant, and LBi teamed with Endeca on high-profile, high-value wins and key deployments. Expanded technology and reseller partnerships with Bazaarvoice, Dassault/MatrixOne, i2, PowerReviews and Silver Creek Systems, leading to greater platform extensibility and key new customer wins.

"The information access market is at an inflection point. Legacy search-engine technology and business intelligence platform providers have faced rapid consolidation and commoditization over the past 12 months," said Steve Papa, chief executive officer of Endeca. "Over the next 12 to 24 months the market focus will shift to a new generation of platforms that blur the lines between database, search, and business intelligence approaches — platforms designed specifically for the development of integrated information access applications and mashups that give everyday people 360 degree visibility into enterprise information. Endeca is now uniquely poised to lead and capitalize on this transition, offering a developer environment and a user experience unlike anything else available on the market."

About Endeca
Endeca's innovative information access software helps people explore, analyze, and understand complex information, guiding them to unexpected insights and better decisions. The Endeca Information Access Platform, built around a new class of access-optimized database, powers applications that combine the ease of searching and browsing with the analytical power of business intelligence. More than 500 leading global organizations including ABN AMRO, Boeing, Cox Newspapers, the (US) Defense Intelligence Agency, Dell, Ford Motor Company, Hyatt, IBM, John Deere, 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 has operations in North America, Europe and Asia. For more information: endeca.com or info@endeca.com.

Contacts:
Craig VerColen
Endeca
617-674-6190
cvercolen@endeca.com