Oracle is paying up to $1.075 billion for Cambridge's Endeca Technologies
18.05.12

By Scott Kirsner, Globe Columnist
Last Tuesday, Oracle bought Endeca Technologies, a Cambridge company that sells business intelligence and online merchandising software. But not much was disclosed about the deal, beyond the usual manufactured quotes in the press release about the combination of the two companies being "extremely compelling in this changing data environment."
According to documents I've seen, and conversations with several people close to the deal, Oracle is paying up to $1.075 billion for Endeca. (Of the total purchase price, $176 million is being put into escrow for three years, presumably in the event Endeca doesn't hit certain performance targets.) The company had raised $75 million in venture capital since it was founded in 1999; it's pretty safe to assume the investors owned about half the company. Endeca's backers include Bessemer Venture Partners, Venrock, Intel, SAP Ventures, and local angel John Landry.
Source: Boston.com