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Long before the Silicon Valley giant Oracle Corp. bought their employer, Endeca Technologies Inc. of Cambridge, for $1 billion, Steve Fredette and Aman Narang were planning an exit.
Endeca, which makes data-management software, had a reputation for attracting some of Boston’s brightest engineers and cultivating a scrappy, entrepreneurial culture, so it was only natural that Fredette and Narang were itching to try their hand at running their own company. The prospect of being swallowed up by Oracle, one of the world’s largest software companies, with more than 120,000 employees, seemed to seal their fate.
Before Oracle had finished absorbing Endeca, a start-up was taking shape at Fredette’s house, a company called Toast Inc., to sell software products to the restaurant industry.