Coveo Ranked One of the Fastest Growing Companies in the Deloitte Technology Fast 50™

CHICAGO and QUEBEC CITY, Sept. 23 /PRNewswire/ -- Coveo, a leading provider of enterprise search and customer information access solutions, today announced its ranking among the Deloitte Technology Fast 50™, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. Coveo's increase in revenues of 619 percent from 2005 to 2009 resulted in its ranking as Canada's 34th fastest growing technology company.  

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"We are proud of the significant growth we've undergone since our inception in 2005, which stems from our focus on product innovation,  customer success, and the incredible team of talent we have here at Coveo," said Laurent Simoneau, CEO, Coveo.  "Our focus on innovation continues to push the boundaries of what is possible with a composite, unified view of enterprise information. We expect that our platform, which leads the industry in several exciting areas, our commitment to customer success, and our ability to hire and retain the industry's best talent, will ensure our continued growth and future success."

"Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Coveo is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come."

Coveo received significant recognition in 2010 for its technology solutions, continued growth, and customer success. Most recently, Coveo was named to IDC's "Innovative Information Access Companies Under $100M to Watch" list, for exemplifying trends that are driving change in the information access market. Earlier this year, Coveo customer Haley & Aldrich was named to the CTO 25 list by InfoWorld magazine, which recognized the company's demonstrable, innovative use of technology and for the significant cost savings and ROI achieved as a result of its Coveo implementation.   In addition, the Software & Information Industry Association named Coveo the winner of the 2010 CODiE Award for Best Enterprise Search Engine.

Coveo's Customer Information Access solutions have also received significant recognition, being named a Trend Setting Product of the Year by KMWorld magazine, a leader in Contact Center Search in the 2010 CRM Service Awards presented by CRM magazine, and a winner of the 2010 Innovation Awards presented by Customer Interaction Solutions magazine.

For over 13 years, the Deloitte Technology Fast 50™ program has tracked the successful growth of Canadian-grown global leaders. To qualify for the Deloitte Technology Fast 50™ ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

About the Deloitte Technology Fast 50™

The Deloitte Technology Fast 50™ program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50™ candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15™ Awards (Canada's leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, GrowthWorks, TMX Group, Wellington Financial, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.

About Coveo

Coveo is a leader in search-powered enterprise information access solutions.  The Coveo Enterprise Search Platform and Customer Information Access Solutions help organizations generate more value from information and knowledge stored across the enterprise, in virtually any system, whether it resides in the cloud or on enterprise servers—all without moving data.  Companies can also get started at no cost, with Coveo Expresso 2.0 Beta, Coveo's free, entry-level enterprise search solution.

Coveo pioneered Enterprise Search 2.0. With Coveo's unified indexing technology, companies can easily access and consolidate information from heterogeneous systems. Coveo helps companies to Stop Moving Data™ by combining structured and unstructured data from virtually any enterprise system into a central index, and securely presenting the information in composite dashboards, helping to drive more value through multiple business processes. Coveo customers gain a powerful alternative to expensive system integration and are able to harvest existing IT infrastructure while providing actionable insight into information and knowledge.  

Coveo's more than 700 global implementations contribute to the success of, among many others, AmerisourceBergen, CA Technologies, Deloitte, GEICO, ESPN, Haley & Aldrich, Lockheed Martin, Odyssey America, P&G, Netezza,  SNC-Lavalin, Sony Ericsson, IMS Health, SSQ Financial, and the U.S. Navy.  Information and video demos are available at www.coveo.com.  

SOURCE Coveo

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