Coveo Named an Innovative Information Access Company to Watch by Leading Industry Analyst Firm

CHICAGO, Sept. 20 /PRNewswire/ -- Coveo today announced it has been named to IDC's "Innovative Information Access Companies Under $100M to Watch" list. Coveo's enterprise search and customer information access solutions were recognized by IDC, a global IT research and advisory firm, for exemplifying trends that are driving change in the information access market.  In particular, IDC recognized Coveo's search based applications, built on its unified indexing technology, that allow organizations to access and consolidate information across multiple enterprise systems, in a single view.

(Logo: http://photos.prnewswire.com/prnh/20100421/NY90043LOGO )

(Logo: http://www.newscom.com/cgi-bin/prnh/20100421/NY90043LOGO )

The IDC report also lauds the innovative tools that Coveo has developed for its customers to measure the impact of their information access programs, saying, "Coveo finds that by adding browsing to search, by improving relevance of results, and by making experts findable within an organization, a company can realize quantifiable savings. As a result, revenue is boosted because staff are working more efficiently."

"Given the amount of information organizations must digest from both external and internal sources, it is clear that a comprehensive, unified view of all enterprise information, across applications, will help decision makers stay on top of their business and ahead of the curve," said Susan Feldman, Research Vice President, Search and Discovery Technologies, IDC. "We recognize Coveo for its ability to address this problem of making information easily accessible within the enterprise, through its enterprise search and information access solutions. This ability to harness information in the enterprise will be a key differentiator for organizations over the next five years."

"This recognition by a leading industry analyst firm, is further proof of the value our solutions are generating for our 700+ customers, through a unified view of all enterprise information," said Laurent Simoneau, CEO, Coveo. "As IDC notes in the report, our easy to use, modular solutions, enable customers to generate immediate value and speed the time to ROI; in fact, one of our customers reported an 8 day ROI on its Coveo implementation. We look forward to continuing to innovate and develop new solutions that push the boundaries of what is possible through information access."

IDC's "Innovative Companies Under $100M to Watch" reports are a qualitative evaluation of a set of vendors within a specific market – they are not a stack ranking nor do they represent an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies in the report. IDC solicited entries from vendors of less than $100 million that exemplify specific key trends (selected by analysts) that are driving change in a specific software market. Vendors then submitted case studies that exemplified one of the trends used as the basis for the award. These case studies were evaluated individually and independently by related market analysts across several pre-determined criteria. The teams then met to review the scores. The case studies submitted for review had to demonstrate that the technology was available, able to be implemented and provided real-world benefits to the customer.

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