Friday, March 7, 2008

Coveo Solutions Inc., a global provider of enterprise search technology got$2.5M in Funding

What Company Is Offering:
Coveo offers search solutions that empower people to instantly and securely access and navigate the critical knowledge they need from disparate systems otherwise not integrated. Whether it's to meet regulatory compliance, improve customer response, protect intellectual property or improve organizational efficiencies, Coveo's enterprise search technology enables organizations to find, understand and act on critical information located anywhere in the enterprise. Coveo's enterprise clients include: HP, Procter & Gamble, CA, Rabobank, PwC, Deloitte, Nomura, National Grid, AMN Healthcare, Lockheed Martin, NATO, NASA, AC Nielsen, US Navy, Yellow Pages Group (Canada), Haley & Aldrich, simyo GmbH etc.

How Much They Got From VCs:
Coveo Solutions Inc., a global provider of enterprise search technology, is pleased to announce the completion of an investment round of $2.5M led by Louis Tetu, the former founder, CEO and Chairman of Taleo Corporation [NASDAQ:TLEO], the global leader of on demand, unified talent management solutions. In addition to the investment, Mr. Tetu will join Coveo as executive chairman, where he will serve on the management team helping direct the explosive growth of the company.

Other investors include Mr. Patrick O'Leary, former VP of Business Strategy of Cognos, and Mr. Jean Lavigueur and Mr. Benoit Leclerc, respectively the former CFO and EVP Sales of Taleo Corporation and currently CFO and EVP Sales of Coveo, Inc.

More at:

Coveo Solutions, Inc.
Peter J. Gorman, +1 781-371-0511, ext. 2 (USA)
L’Impresario Communications
Marie-Josée Gagné, 418-682-2402 (Canada)

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