Coveo Announces Record Second Quarter
Coveo Announces Record Second Quarter
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
“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
Coveo is on a mission to transform business by
improving people’s skills, knowledge, and proficiency with Intelligent Search.
Coveo’s Intelligent Search Apps unleash the power of fragmented, disparate information
from across the enterprise IT ecosystem at every point-of-work.
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 knowledge sharing and 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. 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.
Manager, Media Relations