SOURCE: Coveo

Coveo

August 12, 2015 10:00 ET

Coveo Announces Record Second Quarter

Company Sees Accelerated Growth During the Quarter as It Launches the First Cloud Based, Intelligent Search as a Service for the Enterprise

SAN MATEO, CA, and QUEBEC CITY, QC--(Marketwired - August 12, 2015) - Coveo, a leading provider of intelligent search apps, today announced that the second quarter of CY 2015 was again a record quarter in terms of revenue growth, thanks to accelerated market recognition of and demand for its intelligent search applications. Second quarter revenue bookings increased 114 percent over the prior-year quarter.

  • Coveo for Salesforce saw record growth during the quarter. Coveo for Salesforce apps expanded from Service Cloud and Community Cloud editions to the Salesforce Force.com development platform, with a Fortune 500 professional services firm leveraging Coveo on the Force.com platform to ensure that tens of thousands of employees worldwide will have automatic access to contextually relevant knowledge and expertise from across their IT "ecosystem of record." New Coveo for Salesforce customers in the second quarter included AECOM, Palo Alto networks and Watchguard, among many others.
  • The Coveo Intelligent Search Platform also continued strong momentum in the quarter, driven particularly by customers in the food, financial services and business services industries. New platform customers and expansions included Falcon Private Bank and UMT Consulting Group, among others.
  • Coveo for Sitecore site search applications growth was driven by both continued adoption of Coveo for Sitecore - Free Edition, as well as upgrades to the Coveo for Sitecore - Enterprise Edition for organizations looking to personalize website experiences and provide search-driven content based on visitors' unique profiles, history and site activities. New Coveo for Sitecore customers during the quarter included CMSWire, WellCare and Achmea, among many others.

"The quarter showed significant growth across all of our lines of business as well as in our partner ecosystem," said Coveo CEO Louis Tetu. "The Coveo Cloud launch is significant and will further support our customers' need for highly relevant, fast and secure search deployments -- and greatly accelerate our development of additional intelligent search apps within major business applications."

Coveo's CY2015 Q2 was highlighted by several innovations and expansions:

  • Coveo Cloud, the industry's first end-to-end search cloud platform that delivers intelligent unified search as a service, was announced in June. Scheduled for release in September, Coveo Cloud securely unifies knowledge across cloud and on-premise systems and greatly simplifies search deployments and user adoption for fastest time to value.
  • The company expanded its SI ecosystem with several leading Salesforce system integrators, including Appirio, Bluewolf, Cloud Sherpas, Etherios, NTT Data Cloud Services and Vertiba.
  • Coveo announced the appointment of two new executives to lead the company's global sales organization and customer success team. Bob Walmsley joined Coveo as SVP of Global Sales and Jennifer MacIntosh as VP of Customer Success.
  • Coveo was named a finalist in the 2015 "Stevie" American Business Awards for its Coveo Cloud Intelligent Search as a Service platform.

About Coveo
Coveo is on a mission to transform business by improving people's knowledge and proficiency with intelligent search, upskilling people and driving superior customer experiences. Coveo Intelligent Search Apps unleash the power of fragmented, disparate information from across the enterprise IT ecosystem, to surface what matters at every point-of-work and customer interaction. Recognized as the Most Visionary Leader in Enterprise Search by Gartner, Coveo enterprise search allows companies to create high performance contact centers, cultivate company-wide collaboration, and succeed at self-service. With the search industry's highest security standards, broadest connectivity and greatest relevance control and configurability, Coveo removes complexity to make 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.

Contact Information

  • Editorial Contacts:
    Colin Beasty
    Manager, Corporate Marketing
    Coveo
    418-263-1111 x2246
    cbeasty@coveo.com