Intel backs multicore effort with $10M investment in Endeca
Intel has made a $10 million investment in information access software company Endeca Technologies as it continues to target multicore platforms.
By Suzanne Deffree, Managing Editor, News -- EDN, January 23, 2008
Intel Corp has made a $10 million investment in a software company in an effort to back its multicore strategy.
Endeca Technologies Inc, an information access software company, received the infusion from Intel Capital and said it will use the money 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, in a statement today. “Our investment in Endeca will further their capabilities by capitalizing on Intel’s next-generation multicore platforms in this market segment.”
Endeca described its information access software as a tool to help people explore, analyze, and understand complex information. The Endeca Information Access Platform, built around a class of access-optimized databases, powers applications that combine ease of searching and browsing with the analytical power of business intelligence, the company said, noting the importance of high-performance computing for information access.
“Multicore computing will play one of the greatest enabling roles for adoption of next-generation information access technology,” said Steve Papa, CEO of Endeca, in the statement. “This investment from Intel Capital has the potential to accelerate Endeca’s success in gaining adoption for information access.”
The Cambridge, Mass-based company has operations in North America, Europe, and Asia, and counts Dell, IBM, and Texas Instruments among its customers.
