Endeca Announces Record Third Quarter Results.CAMBRIDGE, Mass. -- Endeca, a next-generation information access company, today announced 109 percent year-over-year revenue growth in the third quarter. Year-to-date revenue (January through September) is up 104 percent compared with the same nine month period in 2005. Both numbers represent record revenue for Endeca, which continues to be one of the fastest growing companies in the region, and one of the fastest growing software companies in North America. To support this rapid growth and accelerate the pace of innovation, Endeca has created nearly one hundred new positions between the third quarter 2005 and the third quarter 2006, leading to a 50-plus percent increase in worldwide staff. The company plans to increase its staff by another 25 percent within the first half of 2007. "It's rewarding when results across all key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. exceed ambitious goals. But even more significant is the string of events that validate our information access vision and point to the rapid emergence of new market opportunities," said Dan Demmer, president and COO of Endeca. "Take for example longstanding Endeca customers like IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and the US Defense Intelligence Agency Noun 1. Defense Intelligence Agency - an intelligence agency of the United States in the Department of Defense; is responsible for providing intelligence in support of military planning and operations and weapons acquisition DIA , who are now using the Endeca Information Access Platform as the foundation for a new generation of secure, ad hoc For this purpose. Meaning "to this" in Latin, it refers to dealing with special situations as they occur rather than functions that are repeated on a regular basis. See ad hoc query and ad hoc mode. reporting and analysis applications. We're also seeing more and more organizations move towards an information access standard to address a wide range of high-value problems across their enterprise. And during the third quarter multiple F500 businesses selected Endeca as that standard." During the quarter Endeca signed dozens of new customers, complementing significant new business with existing customers, as leading organizations enhanced their current Endeca applications and expanded their use of the Endeca Information Access Platform (IAP (Internet Access Provider) See ISP. IAP - Internet Access Provider ) throughout their enterprise. These customers include industry and category leaders like ACP (Associate Computing Professional) The award for successful completion of an examination in computers offered by the ICCP. It is geared to newcomers in the computing field. For more information, visit www.iccp.org. ACP - Algebra of Communicating Processes Media Limited (autotrader.co.nz), Amphenol Corporation, Circuit City, the US Defense Intelligence Agency (DIA), International Paper, McMaster University, Overstock.com, Tech Data and Tesco. Other third quarter highlights included: * Endeca Unveiled New SEO (Search Engine Optimization, Search Engine Optimizer) See search engine optimization. Capabilities and Best Practices for Guided Navigation-based Websites (read more) * Endeca CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. , Adam Ferrari, and Chief Scientist, Daniel Tunkelang, joined academic researchers and R&D executives from Google, IBM, Microsoft and Yahoo! for the first ever ACM (Association for Computing Machinery, New York, www.acm.org) A membership organization founded in 1947 dedicated to advancing the arts and sciences of information processing. In addition to awards and publications, ACM also maintains special interest groups (SIGs) in the computer field. SIGIR SIGIR Special Interest Group on Information Retrieval (Association for Computing Machinery) SIGIR Special Inspector General for Iraq Reconstruction workshop on faceted search (read more) * Leading UK analyst firm, The Butler Group, positioned Endeca in the "Market Outperform" category, the highest possible ranking, on the analyst firms 2006 report on Enterprise Search and Retrieval (read report) * The Endeca Information Access Platform was named Trend-Setting Product 2006 by KM World magazine * Dice.com, the premier job recruiting site for technology professionals, unveiled its new Endeca-powered Job Search experience, giving job seekers and employees first-of-their-kind capabilities to speed the job search process and help them compare and contrast employment options more efficiently (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
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , 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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