CIMdata PLM Industry Summary Online Archive
23 January 2008
Financial News
Intel Capital Invests $10 Million in Endeca
Intel Capital announced that it invested $10M in Endeca Technologies, Inc., an information access software company. The funds will allow Endeca to accelerate research and development efforts as well to expand its global operations.
“Information access platforms play a crucial role in linking vast collections of data,” said Arvind Sodhani, president of Intel Capital. “Our investment in Endeca will further their capabilities by capitalizing on Intel’s next generation multi-core platforms in this market segment.”
“Endeca’s success to date would not have been possible without the innovations Intel has brought to market. Multi-core computing will play one of the greatest enabling roles for adoption of next generation information access technology,” said Steve Papa, CEO of Endeca. “This investment from Intel Capital has the potential to accelerate Endeca’s success in gaining adoption for information access.”
Endeca’s innovative information access software helps people explore, analyze and understand complex information. The Endeca Information Access Platform, built around a new class of access-optimized database, features sub-second query performance and supports extreme scale. As a result, organizations can unlock latent value of current information investments and rapidly deploy new classes of intuitive information access applications to a wide audience of users.
"We recognize the value of Endeca’s solution to accelerate the speed in which companies consume information and make decisions," said Lisa Lambert, managing director of the Software and Solutions Group, Intel Capital. "The company's comprehensive product offering, consistent growth, and high customer return-on-investment as measured by repeat sales, position Endeca to be the leader in the next generation of information access and analysis software. The investment also illustrates our steady support for emerging technologies in all economic landscapes."
Headquartered in Cambridge, MA, Endeca has operations in North America, Europe and Asia. For more information: http://endeca.com or info@endeca.com.
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