in response to the soft market reception for Canadian tech IPOs.
Coveo sells artificial-intelligence-powered technology known as “insight engines” to more than 475 customers, including BlackBerry, Salesforce, Lee Valley, BRP and Xero, that offer the same kind of personalized, relevant search results on their websites as those powered by Google or Amazon. The 625-person company’s main outside shareholders are U.S. investment giant Elliott Management Corp., the labour-sponsored Fonds de solidarité FTQ, the Quebec government’s Investissement Québec investment arm, sovereign wealth fund Qatar Investment Authority and Ontario Municipal Employees Retirement System.
Mr. Têtu was joined by Jean Lavigueur, the chief financial officer, and chief operating officer Guy Gauvin, who have worked with him on several previous companies dating to 1990.
Source: News Formal (newsformal.com)
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