Endeca Announces Record Third Quarter Results
CAMBRIDGE, Mass. -- November 14, 2006 -- 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 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 and the US Defence Intelligence Agency, who are now using the Endeca Information Access Platform as the foundation for a new generation of secure, ad hoc 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) throughout their enterprise. These customers include industry and category leaders like ACP Media Limited (autotrader.co.nz), Amphenol Corporation, Circuit City, the US Defense Intelligence Agency (DIA), International Paper, McMaster University, Tech Data and Tesco.
Other third quarter highlights included:
* Endeca Unveiled New SEO Capabilities and Best Practices for Guided Navigation-based Web sites (read more)
* Endeca CTO, 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 SIGIR workshop on faceted search
* 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
* 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, 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.
Contacts:
Alison Durant
Director, Corporate Marketing & Communications
+ 617.674.6335
adurant@endeca.com
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