CIMdata PLM Industry Summary Online Archive
31 May 2007
Financial News
Endeca Reports Record Q1 Revenue, Plans to Create Hundreds of New Jobs
Endeca announced that it achieved record revenues on 92 percent year-over-year revenue growth in the first quarter. Recently named the fastest growing private company in Massachusetts with three-year revenue growth exceeding 1066 percent, Endeca also added 70 new positions during the quarter and announced plans to add several hundred more positions worldwide.
"We had predicted that 2007 would be a transformational year for Endeca and the information access market at large," said Steve Papa, chief executive officer of Endeca. "During the first quarter we saw a variety of evidence - new types of customer engagements, new channel opportunities, new applications of our software - that suggests an accelerated pace of change in the market. Our investments over the past few years have put us in a unique and highly favorable position to capitalize on this transition and the emergence of new market opportunities."
Q1 2007 Highlights Include:
Signed dozens of new customers and expanded the use of the Endeca Information Access Platform within the installed base: included key wins with organizations like BT Group, The Children's Place, Dell, the Defense Intelligence Agency, Simon & Schuster, and Triangle Research Libraries Network
Named fastest growing private company in Massachusetts in an annual ranking by the Boston Business Journal: Ranking based on three year revenue growth
Named finalist for Copernican Award, recognizing customer-centric organizations: Annual award given by New York-based customer experience consultancy Creative Good; past winners include Google, Netflix, JetBlue, TiVo
Named as one of 20 to Watch in 2007 by Outsell, Inc.: Identified as one of 20 companies that will shake up the information and publishing industries in 2007, according to a new report from EPS, an Outsell, Inc. company. Endeca joins other rapid growth companies like Digg, Facebook, Mozilla FireFox, Salesforce.com Second Life and YouTube (now owned by Google).
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