Technology conglomerate Oracle on Tuesday acquired US-based software company Endeca Technologies. The amount paid for Endeca, backed by Intel and SAP, is currently undisclosed, with the deal expected to close before the end of the year.
Semiconductor manufacturer Intel and software conglomerate SAP Ventures invested in Endeca’s $25m series F round in January 2008.
Additional investors in Endeca, which develops software platforms to aid businesses in both web commerce and data analytics, include venture capital firms Venrock, Bessemer Venture Partners, GGV Capital and DN Capital, private equity firm Ampersand Capital Partners, and financial services firms the SVB Financial Group and Lehman Brothers.
Steve Papa, chief executive officer of Endeca said: "With more than 600 customers relying on Endeca’s solutions to deploy unified platforms for search, guided navigation, merchandising and interactive analytics of unstructured data, Endeca is recognized for its unique approach in hybrid search-analytical technology on diverse and changing information."
Papa continued: "We bring successful deployments with large enterprises in key industries such as retail, distribution, media and publishing, government, and manufacturing and consumer packaged goods – many of these customers are also Oracle customers."
Thomas Kurian, executive vice president of Oracle Development, added: "The combination of Oracle and Endeca is extremely compelling in this changing data environment. This technology will also allow us to integrate more comprehensive unstructured data management into Oracle’s engineered systems."
Endeca is only the latest software company to be acquired by Oracle, which has snapped up a series of software companies over the last few years including, in the last three months alone, GoAhead, Inquira and Ksplice.