With the deal, the terms of which were undisclosed, the AI-powered SaaS company gains a further foothold in the European market and brings the number of Coveo employees to more than 750 around the world. (The Logic)
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With the deal, the terms of which were undisclosed, the AI-powered SaaS company gains a further foothold in the European market and brings the number of Coveo employees to more than 750 around the world. (The Logic)
Talking point: Coveo’s acquisition marks the company’s second in e-commerce, after it bought out California-based digital-commerce-engine company Tooso in 2019. The Qubit deal further underscores how many Canadian companies are on an M&A binge. Buoyed by cheap money and motivated sellers, year-over-year mergers and acquisitions activity in the country is up 269 per cent, with deals worth US$101 billion.
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