Endeca Names Dan Demmer New CFO; Public Company CFO Experience Adds Depth to Endeca's Leadership Team.CAMBRIDGE, Mass. -- Endeca, the leading provider of Guided Navigation(R), Search and Analysis solutions, today named Dan Demmer as the company's new Chief Financial Officer. Having successfully built growing, profitable companies while establishing creditability with investors and analysts, Demmer will now lead the global financial operations of one of North America's fastest growing private software companies. In 2004 alone, Endeca reported 100 percent annual sales growth, doubled worldwide staff, and opened new operations in Asia. Demmer will report to Endeca president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Jim Baum. Prior to Endeca, Demmer served as IONA Technologies' Chief Financial Officer since May 2000. At IONA, he helped build a growing, profitable company while establishing credibility with investors and securities analysts. Prior to IONA, Demmer was assistant corporate comptroller at Digital Equipment Corporation. He holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Finance from the University of Maryland University of Maryland can refer to:
"Dan brings a wealth of experience as a CFO See Chief Financial Officer. and ranking financial officer of successful public businesses," said Baum. "This experience and proven track record will play a key role as we look to raise the bar and take Endeca to the next step of our rapid evolution." Endeca develops and markets commercial search, navigation and analysis solutions and services for websites, intranets, extranets, e-commerce stores, and enterprise applications. Founded in 1999, Endeca first began selling commercial software to Global 2000 businesses in late 2001. The company's products are now used by over 200 leading organizations, including 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. , The Home Depot, 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) , John Deere, NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. , The National Cancer Institute, Tesco, Walmart.com and several federal law enforcement and intelligence agencies. "Endeca's success to date has been truly remarkable to watch," said Demmer. "This position presents a rare opportunity and challenge to build upon, evolve and improve a business that has known nothing less than 60 to 100 percent annual growth." About Endeca Endeca's award-winning Guided Navigation, Enterprise Search, and Analysis solutions help organizations integrate, discover, and navigate enterprise data to solve business problems associated with information overload. Endeca's customers include a wide range of enterprises, including retailers (Barnes & Noble, The Home Depot, Walmart.com); financial services (Bank of America, MFS Investment Management MFS Investment Management, formerly Massachusetts Financial Services, is a Boston, Massachusetts-based financial services firm. In its publicity, MFS claims to have invented the mutual fund. The current chair of the company is Robert Pozen. , Putnam Investments); manufacturing and distribution (IBM, Arrow Electronics, John Deere); media and publishing (World Book and IHS IHS (I.H.S.) first three letters of Greek spelling of Jesus; also taken as acronym of Iesus Hominum Salvator ‘Jesus, Savior of Mankind.’ [Christian Symbolism: Brewer Dictionary, 480] See : Christ IHS ) and government (the Library of Congress, NASA, the National Cancer Institute). Endeca is a private company headquartered in Cambridge, MA. More information: www.endeca.com or info@endeca.com. Endeca, Endeca InFront, Endeca Navigation Engine, and Guided Navigation are registered trademarks, and Endeca ProFind and Endeca Latitude are trademarks of Endeca Technologies, Inc. All other product and service names mentioned herein are or may be registered trademarks or trademarks of their respective companies or organizations. |
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