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Endeca Is Google Of Corporate Intranet

  • Fortune, Thursday, September 21, 2006 11:30 AM
If you're in a large company, you've probably heard of Endeca, an enterprise search company that helps employees search corporate intranets. Fortune says their search software "makes Google's link-popularity algorithms look downright quaint by comparison." How is that? Endeca not only helps its users find things, it also helps them act on what they find. The search is only the beginning. According to an IDC research study, Fortune 100 companies--Endeca's core user base--waste $2.5 billion annually due to inability to locate and retrieve information. Managers at these firms spend at least 17 percent of their time (six weeks per year) trying to find what they're looking for. Endeca aims to take a big chunk out of that. IBM, one of its clients, says it saved a whopping $500 million by reducing the need for outside contractors. The technology-services giant is now using Endeca to help it put together its own search offering. Says CEO Steve Papa: "Their job is to know about all the technologies that can solve a problem. And they chose us." Other blue-chip clients include Harvard University, Wal-Mart and engineers at John Deere. All use Endeca to connect the intranets of disparate offices at these large companies across the globe.

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