Coveo Solutions Inc.
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| Public | |
| Industry | Enterprise software |
| Founded | 2004 |
| Founders | Laurent Simoneau, Richard Tessier, Marc Sanfaçon |
| Headquarters | Quebec City, Quebec, Canada |
Key people | Louis Têtu (Executive Chair), Laurent Simoneau (Founder, CEO), Brandon Nussey (CFO) |
| Products | Corporate search and analysis tools |
Number of employees | 500+ (2020) |
| Website | www |
Coveo Solutions Inc. is a Canadian enterprise software company headquartered in Montreal, Quebec, Canada.[1]
The company develops artificial-intelligence-based search and recommendations software used for customer service, digital commerce, workplace productivity, and website content discovery. It is publicly traded on the Toronto Stock Exchange under the ticker CVO.[2]
History
Coveo originated as a spin-off from Copernic Technologies, which announced the creation of Coveo Solutions in 2004 to focus on enterprise search and knowledge access software.[3][4]
In 2008, Louis Têtu, former chief executive of Taleo, joined as chairman and later became chief executive officer.[5]
In 2025, Têtu transitioned to full-time Executive Chair. Laurent Simoneau became CEO.[6]
Acquisitions
In July 2019, Coveo acquired the Italian start-up Tooso, a developer of AI search technology for digital commerce.[7]
In October 2021, Coveo purchased UK-based Qubit, a personalization-software provider, extending its presence in European e-commerce.[8][9]
Funding and IPO
In April 2018, Coveo received a US$100 million investment from Evergreen Coast Capital, an affiliate of Elliott Management.[10]
In November 2019, it raised C$227 million in a round led by OMERS Private Equity, valuing the company at over US$1 billion.[11]
Coveo went public in November 2021, raising C$215 million on the Toronto Stock Exchange under the symbol CVO.[12][13]
Products and technology
Coveo introduced Coveo for Salesforce in 2012, enabling Salesforce users to retrieve unified search results from CRM records, support cases, and other enterprise systems within the Salesforce interface.[14]
Coveo’s technology has since expanded beyond enterprise search to support AI-driven relevance across commerce, customer service, website, and workplace applications.[15]
References
- ↑ "Coveo Solutions Company Locations". Craft.co. Retrieved 2025-10-22.
Shows corporate headquarters in Montreal, Quebec, Canada.
- ↑ Sean Silcoff (2021-11-18). "Coveo to price IPO at $15 a share, valuing Quebec software company at $1.7-billion". The Globe and Mail. Retrieved 2025-10-22.
- ↑ "Copernic Creates Coveo Solutions to Market Enterprise Search Solutions". Gilbane Report. Gilbane Group. October 2004. Retrieved 2025-10-22.
- ↑ "Coveo Solutions Inc. – Canadian Company Capabilities Database". Innovation, Science and Economic Development Canada. Government of Canada. Retrieved 2025-10-22.
- ↑ Rana, Josh Scott (2021-11-18). "Anatomy of an IPO: How Coveo prepared to take itself public". BetaKit. Retrieved 2025-10-28.
- ↑ "Coveo Announces Changes in Responsibilities of Senior Management Team". Yahoo Finance. 2023-06-21. Retrieved 2025-10-28.
- ↑ "Commerce en ligne : Coveo s'offre Tooso". TVA Nouvelles (in français). 2019-07-09. Retrieved 2025-10-28.
- ↑ Castro, Carlos Eduardo (2021-10-05). "AI-powered personalization provider Qubit gets acquired by Coveo". VentureBeat. Retrieved 2025-10-28.
- ↑ Josephson, Erin (2021-10-05). "Coveo acquires England's Qubit to extend European e-commerce reach". BetaKit. Retrieved 2025-10-28.
- ↑ "Coveo Receives $100M Investment from Evergreen Coast Capital". Finsmes. 2018-04-17. Retrieved 2025-10-28.
- ↑ Lunden, Ingrid (2019-11-06). "Coveo raises $227M at $1B valuation for AI-based enterprise search and personalization". TechCrunch. Retrieved 2025-10-28.
- ↑ Silcoff, Sean (2021-11-17). "Coveo to price IPO at $15 a share, valuing Quebec software company at $1.7-billion". The Globe and Mail. Retrieved 2025-10-28.
- ↑ "Coveo makes successful stock market debut". Québec International. 2021-11-18. Retrieved 2025-10-28.
- ↑ "Coveo Launches Coveo for Salesforce.com". Destination CRM. 2012-11-06. Retrieved 2025-10-28.
- ↑ Rana, Josh Scott (2021-11-18). "Anatomy of an IPO: How Coveo prepared to take itself public". BetaKit. Retrieved 2025-10-28.
External links
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