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Coveo Achieves Another Record-breaking Quarter and Calendar Year of Rapid Growth

2015 highlighted by accelerated growth, innovation, and industry recognition 

San Mateo, CA, and Quebec, QUEBEC – January 26, 2016 

Coveo, a recognized leader in intelligent search, achieved record-breaking, year-over-year growth for its 2015 fourth quarter and calendar year ended December 31, 2015. In Q4 2015, Coveo revenue bookings grew more than 300 percent compared to Q4 2014, while its calendar year revenue bookings grew more than 200 percent over 2014, sealing an exceptional growth year for 2015.

In Q4 2015, Coveo also completed a funding round of $35 million, bringing the company’s total financing to $75 million. In addition, the company led industry innovation with the launch of its breakthrough Coveo self-learning search service based on machine learning. Coveo was recognized as an industry leader by Forrester and Gartner, and won a number of industry awards in 2015. Coveo also grew its ecosystem of system integrator partners, expanded its executive team, and hired more than 50 employees to support the company’s growth.

Both the quarter and the year saw expansive growth in multiple industry verticals. For both periods, Coveo’s top vertical markets included: Financial Services, High Tech, Manufacturing, Government, Healthcare and Business Services.

“2015 as a whole was exceptional, as a record number of new customers chose Coveo to better engage their customers and upskill their employees with the best information, every time and everywhere,” said Louis Tetu, CEO of Coveo. “While our revenue bookings grew very rapidly throughout the year, we also launched industry firsts. These include Coveo Cloud, the first end-to-end, cloud-based intelligent search service; and Coveo Machine Learning, which uses machine learning to make information relevance effortless. We were also honored to be named an industry leader by both Gartner and Forrester research firms during 2015. Ultimately, our momentum and success happen when our customers can give all of their customers, employees and partners the best information, every time."

Coveo 2015 highlights

Leading innovation

Broad recognition

Rapid expansion

About Coveo

Coveo helps companies better engage customers and upskill employees with the best information, everywhere they work and interact. Coveo Intelligent Search Apps respond relevantly to every question, proactively suggest related content and experts, and predict what’s important to each person. Recognized as the Most Visionary Leader in Enterprise Search by Gartner and as a leader in Big Data Search and Knowledge Discovery by Forrester, Coveo helps 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 self-learning relevance, Coveo removes complexity to make intelligent search work, quickly and effectively, across cloud and on-premise systems. Coveo has more than 1500 activations in mid-to-large size, global organizations across multiple industries. Coveo partners with some of the world’s largest enterprise technology ecosystems, where insights from outside the platform are critical to delivering a unified, engaging experience for their customers. For more information, please visit www.coveo.com and follow us on the Coveo blog, LinkedIn, Twitter, and YouTube.

Coveo recognized a Leader


Media contact

Lizanne McReelis
Echo PR
lizanne@echo-communications.com
647 438 5414

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