CIMdata PLM Industry Summary Online Archive
23 January 2008
Financial News
Endeca Receives Investment from SAP Ventures
Endeca Technologies, Inc., announced that it has secured financing from SAP Ventures.
"Visibility into enterprise-wide information assets is a key area of interest for customers,” said Jennifer Scholze, Investment Partner at SAP Ventures. " By taking a fundamentally new approach to accessing and analyzing enterprise-wide data, Endeca is poised to disrupt multi-billion dollar markets and is uniquely suited to address the core opportunity of the information economy."
"No company better understands the importance of enterprise data to today’s information-centric businesses than SAP. Our collaboration will open new doors and accelerate the realization of our vision to arm all knowledge workers with the critical enterprise data they need to inform daily decision making, regardless of source or format,” said Steve Papa, chief executive officer of Endeca. “As an SAP customer and now a key part of their investment portfolio, Endeca is on a favorable path to learn from -- and work closely with -- the most influential information applications company of our time.”
Headquartered in Cambridge, MA, Endeca hasoperations in North America, Europe and Asia. For more information: http://endeca.com or info@endeca.com.
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