News Releases

Coveo Announces Louis Têtu Appointed CEO, Laurent Simoneau Named President & CTO

Taleo Founder and Former CEO to Lead Continued Success and Growth for the Customer Information Access Technology Leader

QUEBEC CITY – July 13, 2011

Coveo announced today that Executive Chairman Louis Têtu has been appointed CEO and Chairman of the Board of Directors, and that Founder and CEO Laurent Simoneau has been named CTO and President.

Louis Têtu joined Coveo in 2009 as Executive Chairman. Têtu previously founded and was CEO and Chairman of Taleo Corporation [NASDAQ: TLEO], today the largest global provider of software as a service (SaaS) for human capital management, from its inception in 1999 through 2007. In 2004, Taleo was recognized as the 11th fastest growing technology company in the United States within the Deloitte Technology Fast 500. Prior to Taleo, Têtu was President of Baan Supply Chain Solutions, following Baan's acquisition of Berclain Group Inc., which Têtu co-founded in 1989 and where he served as CEO until 1996. Tetu is an Engineering graduate from Laval University and was honored by Laval for outstanding social contributions and business achievements. He also received the 2006 Ernst & Young Entrepreneur of the Year award in the Technology and Communication category.

“During the past two years that I’ve been involved with Coveo, I’ve discovered the same ingredients for expansive growth and industry transformation that I’ve experienced in my past companies. We solve a massive business problem where billions of dollars of value are trapped, within the most important area of any business: customer information and interaction. We help companies know their customers radically better and hence serve their customers better and sell more, by consolidating 360-degree customer information from all digital sources. Our people and their expertise are second to none, our technology works better than any I have seen, and we have the methodologies for profound business process transformation,” said Têtu.

“I am looking forward to working alongside Laurent, whom I’ve come to greatly respect for his intellect and passion for transforming data into knowledge through our Enterprise Search 2.0-powered solutions,” he continued.

Laurent Simoneau, one of the world’s leading experts in enterprise search and indexing technologies, founded Coveo to leverage the power of indexing technology for enterprise information consolidation, creating the Coveo Enterprise Search 2.0 Platform. Early Coveo clients included such industry leaders as Lockheed Martin, CA Technologies and SNC Lavalin, each of which has continued to expand its use of Coveo during the past six years. Prior to Coveo, Simoneau served first as CTO and then as COO of Copernic, an early leader in indexing technology.

“I am looking forward to focusing on our technology platform, its application to transforming business, and continuing to lead the industry in innovative solution development. I am also looking forward to working with my friend and colleague Louis Têtu in doing what he does best – managing the growth of a fast-moving technology leader,” said Simoneau.

Today, Coveo has more than 700 implementations for more than 500 customers in 43 countries. Its fast growth, technology superiority and customer focus have earned the company many accolades, most recently from one of its customers, IBM Netezza, which presented Coveo with the 2011 IBM Netezza Valued Partner Award, part of the 2011 Stevie Awards. Coveo has also been named to the Deloitte Technology Fast 50, to the IDC Top 100 Companies to Watch, and has won two highly-prized CODiE awards as well as many CRM awards for its Knowledge 360 Solutions for Customer Service, including the recent 2011 CRM Excellence Awards presented by Customer Interaction Solutions magazine.

About Coveo

Coveo helps companies know their customers better, serve their customers better and sell more, by consolidating 360° customer information from all digital sources. The Coveo Enterprise Search 2.0 Platform transforms disparate structured and unstructured data, from virtually any system, into actionable, on-demand knowledge.

Coveo Knowledge 360 Solutions inject comprehensive knowledge into key customer-centric business processes such as customer service, customer interaction, customer self-service, and sales and marketing. Coveo solutions consolidate and correlate content into dynamic 360° views about customers, projects, people, processes and products, thus enabling more efficient service, more relevant customer interaction, and increased sales opportunities. Coveo customers range from Fortune 100 companies such as Lockheed Martin, PepsiCo and Verizon, to Global 2000 companies such as GEICO, Bose, CA Technologies and T-Mobile, to mid-sized businesses such as Terumo Medical, IBM Netezza and Children’s Hospital of Boston. For more information, visit www.coveo.com.


Coveo Contact:

Jessica Hohn-Cabana
Senior Director, Corporate Marketing
jcabana@coveo.com
418-263-1111 ext. 233

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