March 31, 2021 | Montreal, QC

Coveo Welcomes Global Investor QIA to Its Shareholder Base With Further Participation From Québec’s FSTQ

Qatar’s Sovereign Wealth Fund looks to further invest in SaaS and AI technology

March 31, 2021 (Montreal, QC) Coveo, a leader in AI-powered relevance platforms that transform search, recommendations, and personalization within digital experiences, today announced that it welcomes Qatar Investment Authority (“QIA”) as a new minority shareholder, along with further participation from FSTQ (Fonds de Solidarité FTQ), a current institutional shareholder based in Montréal, Québec.

“We are pleased to welcome global investor QIA to our shareholder base as they look to further invest in the AI and SaaS software space, as well as the further participation by our longtime shareholder FSTQ,” said Louis Têtu, CEO and Chairman of Coveo.

Full terms of the transaction will not be disclosed. Norton Rose Fulbright acted as legal advisor in connection with the transaction.

About Coveo

Relevance is what creates winners in digital experiences. Coveo is a leading cloud-based AI-powered relevance platform. Coveo is the intelligence layer that injects relevance into digital experiences, with applied AI-driven solutions spanning intelligent search through recommendation and personalization solutions for ecommerce, service, and workplace.

Coveo has more than 1,500 implementations around the world, with clients including Tableau, Dell, Palo Alto Networks, Xero and Motorola Solutions. Coveo is supported by a network of accredited global partners, integrators and alliances, including Salesforce, ServiceNow, Sitecore, Accenture, Deloitte, and Ernst & Young.

About QIA

Qatar Investment Authority (“QIA”) is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with leading institutions around the world to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.

Coveo is a trademark of Coveo Solutions, Inc.

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