Endeca Announces Mezzanine Financing

Jun 18, 2004

Endeca, a provider of enterprise search and guided navigation solutions for the enterprise, has announced the completion of an oversubscribed $15 million mezzanine financing round. The round, co-led by Lehman Brothers' Venture Partners and Granite Global Ventures, along with returning investors Ampersand Ventures, Bessemer Venture Partners, Venrock Associates, and DN Capital will be used to accelerate the company's growth in new geographical and select vertical markets; and to expand and enhance Endeca's product and service offerings. Total funding to date is $45 million.

Joining Endeca's board of directors is Hany Nada, co-founder of Granite Global Ventures. Prior to Granite Global Ventures, Hany was a software industry analyst with US Bancorp Piper Jaffray.

Endeca Search and Guided Navigation solutions are designed to help knowledge-centric organizations in government, financial services, manufacturing, information publishing, B2B commerce, and retail maximize the value of their content, catalog, and enterprise information assets. Endeca is used in a range of enterprise and customer applications including knowledge management, CRM, customer and employee self-service, analytics, catalogs, directories, and portal integration.
(www.endeca.com; www.ggvc.com; www.lehman.com)