MONTREAL and SAN FRANCISCO, July 16,
2024 /CNW/ - Coveo (TSX: CVO), the leading enterprise
AI platform that brings AI search and generative AI (GenAI) to
every point–of-experience, enabling remarkable personalized digital
experiences, today announced that John
Grosshans, a seasoned executive with extensive SaaS
experience, has been appointed as Chief Revenue Officer of Coveo
effective immediately.
Mr. Grosshans has more than 30 years of global sales management
experience in numerous SaaS verticals, including most recently
cloud and applications. Prior to joining Coveo, Mr. Grosshans acted
as Chief Revenue Officer and Senior Vice President, Prisma Cloud at Palo Alto Networks (NASDAQ:
PANW), where he led global sales for Palo Alto Networks' cloud
native security solutions. Prior to joining Palo Alto Networks, Mr.
Grosshans served in senior executive positions with AWS, Oracle,
SAP and Avaya, among others. Mr. Grosshans joins Coveo with a
stellar track record, having successfully led companies to US$1B+
of revenue in four instances, led global sales teams of 600+ across
all go-to-market functions, and having held a critical role in a
number of corporate development initiatives throughout his tenures,
including nearly ten acquisitions.
"I am incredibly excited to announce that John Grosshans is joining the company as CRO"
said Louis Têtu, Chairman and Chief Executive Officer of the
company. "John is the embodiment of Coveo's value system. He is
rigorous, determined, and dedicated to all aspects of his work –
more importantly, to building value-based, lasting relationships
with customers that drive exceptional growth. John is coming to
Coveo with an outstanding track record of delivering tangible
results and meticulously growing revenue of sizeable SaaS
companies."
"Coveo is an outstanding company, delivering exceptional,
differentiated products in the explosive applied AI market" said
John Grosshans, CRO of Coveo.
"Joining at this stage is very exciting, as I believe there is a
significant untapped addressable market and high-value white space
opportunities with Coveo's customers. I am happy to be joining the
executive team, and will hit the ground running today, with an
unrelenting focus on scaling revenue and market share
globally."
Mr. Grosshans will report directly into Louis Tetu, Coveo's Chief Executive Officer.
Forward-Looking Information
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities laws (collectively, "forward-looking information"). This
forward-looking information is identified by the use of terms and
phrases such as "may", "would", "should", "could", "might", "will",
"achieve", "occur", "expect", "intend", "estimate", "anticipate",
"plan", "foresee", "believe", "continue", "target", "opportunity",
"strategy", "scheduled", "outlook", "forecast", "projection", or
"prospect", the negative of these terms and similar terminology,
including references to assumptions, although not all
forward-looking information contains these terms and phrases. In
addition, any statements that refer to expectations, intentions,
projections, or other characterizations of future events or
circumstances contain forward-looking information. Statements
containing forward-looking information are not historical facts but
instead represent management's expectations, estimates, and
projections regarding future events or circumstances.
Forward-looking information is necessarily based on a number of
opinions, estimates, and assumptions that we considered appropriate
and reasonable as of the date such statements are made. Although
the forward-looking information contained herein is based upon what
we believe are reasonable assumptions, actual results may vary from
the forward-looking information contained herein. Forward-looking
information is subject to known and unknown risks, uncertainties,
and other factors, many of which are beyond our control, that may
cause the actual results, level of activity, performance, or
achievements to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to macro-economic uncertainties and the risk factors
described under "Risk Factors" in the Company's most recently filed
Annual Information Form available under our profile on SEDAR+ at
www.sedarplus.ca. There can be no assurance that such
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information, which speaks
only as of the date made. Moreover, we operate in a very
competitive and rapidly changing environment. Although we have
attempted to identify important risk factors that could cause
actual results to differ materially from those contained in
forward-looking information, there may be other risk factors not
presently known to us or that we presently believe are not material
that could also cause actual results or future events to differ
materially from those expressed in such forward-looking
information.
You should not rely on this forward-looking information, as
actual outcomes and results may differ materially from those
contemplated by this forward-looking information as a result of
such risks and uncertainties. Except as required by law, we do not
assume any obligation to update or revise any forward-looking
information, whether as a result of new information, future events,
or otherwise, after the date on which the statements are made or to
reflect the occurrence of unanticipated events.
About Coveo
We strongly believe that the future is business-to-person. That
experiences are today's competitive front line, a make or break for
every business. We also believe that remarkable experiences not
only enhance user satisfaction but also yield significant gains for
enterprises. That is what we call the AI-experience advantage – the
degree to which the content, products, recommendations, and advice
presented to a person online aligns easily with their needs,
intent, preferences, context, and behavior, resulting in superior
business outcomes.
To realize this AI-experience advantage at scale, enterprises
require a robust, spinal and composable infrastructure capable of
unifying content securely and delivering AI search, AI
recommendations, true personalization, and a trusted generative
experience at every touchpoint with each individual customer,
partner and employee. Coveo is dedicated to bringing this advantage
to every point-of-experience, using powerful data and AI models to
transform the enterprise in commerce, customer service, website and
workplace.
The Coveo platform is ISO 27001 and ISO 27018 certified, SOC2
compliant, HIPAA compatible, with a 99.999% SLA available. We are a
Salesforce Summit ISV Partner, an SAP Endorsed® App, an
Adobe Gold Partner, a MACH Alliance member and a Genesys
®AppFoundry ISV Partner.
Coveo is a trademark of Coveo Solutions Inc.
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SOURCE Coveo Solutions Inc.