SOURCE: Coveo

Coveo

October 29, 2015 08:43 ET

Coveo Achieves Another Consecutive Quarter of Record Growth in Q3 2015

Quarter Is Highlighted by 80% YOY Growth in Revenue Bookings and Coveo Being Named the Intelligent Search Leader by Two Leading Industry Research Firms

QUEBEC--(Marketwired - October 29, 2015) - Coveo, a recognized leader in intelligent search, is reporting another consecutive quarter of record-breaking growth in the quarter ended September 30, 2015. Year-over-year revenue increased by 80 percent for Q3 2015, and the company achieved 142 percent of its quarterly goals across all product lines. During the quarter, Coveo was also recognized as a leader in intelligent search by industry research firms Gartner and Forrester.

"The immense financial value our customers are achieving with our technology is the best indicator of our success as a company," said Louis Tetu, CEO of Coveo. "Our customers use our intelligent search apps to provide more engaging customer self-service, more relevant customer support, and to upskill employees by empowering them with the right knowledge during the course of work. As companies transform into digital workplaces, they must find ways to better leverage all of their data to become more flexible, relevant and easy to do business with. We are proud that our technology helps to achieve that, and we are grateful for our customers' contributions to our reputation, as recognized in the Gartner and Forrester reports published in Q3."

Coveo growth indicators

Coveo for Salesforce Service Cloud and Community Cloud Editions continued to see strong demand by mid-size to Fortune 500 organizations. They are using the technology to drive customer self-service success and scale support operations with contextually relevant knowledge for every customer interaction.

The quarter was also marked by growing adoption of the Coveo Intelligent Search Platform among manufacturing and high tech companies, and within government organizations in North America and Asia-Pacific.

New customers signed during Q3 include Adobe, Genesys, Gigamon, WatchGuard, Tessco Technologies, Sanofi, Toro, U.S. Department of Agriculture, and many others.

Additional Q3 highlights include:

About Coveo

Coveo is on a mission to transform business by engaging customers with greater relevance and upskilling employees with intelligent search, where and when they work and interact. Coveo Intelligent Search Apps unleash the power of fragmented, disparate information from across the enterprise IT ecosystem, to surface and recommend what matters: relevant information, people, products and services. Recognized as the Most Visionary Leader in Enterprise Search by Gartner, Coveo intelligent search allows companies to succeed at self-service, create high performance contact centers, and cultivate company-wide collaboration. With the search industry's highest security standards, broadest connectivity and greatest relevance, Coveo removes complexity to make intelligent search work, quickly and effectively, with the only end-to-end intelligent search platform in the cloud. Coveo partners with some of the world's largest enterprise technology ecosystems, such as Salesforce, where contextual insights from outside the platform are critical to delivering a unified experience for their customers. For more information, please visit www.coveo.com, and follow us on the Coveo blog, LinkedIn, and Twitter.

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