Endeca Technologies announced Wednesday it landed a $15 million investment from industry titans Intel and SAP, signaling yet another sign that enterprise search is gaining serious traction.
That investment appears a bargain, compared to the price Microsoft is paying for search company Fast Search & Transfer. Earlier this month, the software giant announced it would acquire Fast Search & Transfer in a deal valued at $1.2 billion, according to a report in the New York Times.
For Endeca, this $15 million investment adds to the more than $50 million the company has raised to date. Back in 2001, for … Read more