BOSTON, Mass. – March 6, 2008 – 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.

“We are entering a new and very exciting growth phase,” said Laurent Simoneau, Coveo’s president and CEO. "With this round of funding and the addition of a world-class technology entrepreneur such as Louis joining the management team, we are more focused than ever on growing Coveo to become the number one source for enterprise search powered business solutions. A number of new and forthcoming business strategies and developments will also spearhead our efforts at furthering Coveo’s leadership position within this emerging marketplace.”

"I am thrilled to be joining a company with such talented people, with such a unique and promising technology pipeline and within one of the fastest growing and truly game-changing segments of business solutions,” said Louis Tetu. “I have been extremely fortunate to experience explosive growth within my two previous software companies, yet my involvement with the Coveo team is poised to become the most successful journey of my career."

“As best-of-breed systems proliferate and applications such as email continue to grow as defacto servers of mission-critical information, providing split-second unified navigation into unstructured data from disparate systems is becoming one of the greatest IT challenges to support business functions,” added Tetu. “There is no doubt in my mind that enterprise search will experience the same adoption and profound impact for the knowledge worker that consumer search had for our everyday lives.”

According to Gartner Dataquest Analyst Tom Eid, the enterprise search market is anticipated to grow to approximately $1.5 billion in total software revenue by 2012.*

Within two years, Coveo has grown its client base to more than 600 deployments including scores of the largest corporations in the world, thanks to a unique technology that delivers enterprise-class scalability and quality with a radically simpler implementation than any other solution provider in the industry.

Coveo provides knowledge workers with an unrivaled ability to obtain a 360° view of the information they need to drive business. Based on leading-edge technologies and the winner of numerous industry awards, Coveo Enterprise Search solutions deliver platform-class enterprise search with top-level security, unparalleled accuracy and consumer-style ease of use, a radically easier implementation of less than 24-hours, and black belt level customer support right out-of-the-box.

As one of KMWorld magazine’s “100 Companies that Matter in Knowledge Management,” Coveo is driving a market that is considered a gatekeeper to unleashing business success. Offering a radical approach to deploying enterprise search, Coveo’s search technology delivers proven organizational efficiencies for knowledge management, risk management, IP protection, compliance and improved customer service experience.

*Gartner, Inc. “Report Highlight for Dataquest Insight: Technology and Vendor Consolidation Will Drive the Enterprise Search Market Through 2012” by Tom Eid, February 1, 2008.

About Coveo Solutions, Inc.
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. A sampling of 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, Michigan State Appellate Defenders Office and ESPN. For further information about Coveo Enterprise Search, please visit: www.coveo.com.