Two weeks after Microsoft announced its $1.2 billion acquisition of FAST Search & Transfer, enterprise-search competitor Endeca is getting a $15 million cash infusion from Intel and SAP. This is on top of the $50 million Endeca has already raised in the past few years from Lehman Brothers, Granite Global Ventures, Ampersand Ventures, Bessemer Venture Partners, Venrock Associates and DN Capital.
Two weeks after Microsoft announced its $1.2 billion acquisition of FAST Search & Transfer, enterprise-search competitor Endeca is getting a $15 million cash infusion from Intel and SAP. This is on top of the $50 million Endeca has already raised in the past few years from Lehman Brothers, Granite Global Ventures, Ampersand Ventures, Bessemer Venture Partners, Venrock Associates and DN Capital.
Boston-based Endeca powers enterprise search for big companies including Borders, Boeing, the Census Bureau, the EPA, Ford, Hallmark, IBM, and Toshiba. The company specializes in guided search, auto-categorizing results based on the keywords someone enters. It is already a substantial company, with 500 employees and a $30 million quarterly revenue run-rate. It was founded in 1999.
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Source: http://www.tech-moz.com/intel-and-sap-put-15-million-into-enterprise-search-company-endeca/
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