Qubit: Coveo Acquires Qubit

• Coveo continues to expand its AI-powered commerce search, recommendations and discovery with deep online retail merchandising and personalization tools• Continues to strengthen its leadership as the relevance cloud using AI to power engaging experiences across commerce, service, support, and digital workplace solutions• Deepens retail and commerce expertise, and European presence MONTREAL and NEW YORK and LONDON, Oct. 15, 2021 (GLOBE NEWSWIRE) -- Coveo, a Relevance Platform and applied AI leader that transforms digital experiences with AI-powered search, recommendations, and personalization, today announced the acquisition of Qubit, a leader in AI-powered personalization technology for merchandising teams, based in London, UK, further accelerating Coveo's geographic expansion into the UK and European markets. Coveo and Qubit's combined ecommerce experience provides powerful innovative solutions for retailers who need to compete as the digital shift accelerates and will help them meet new consumer expectations around relevance - at scale - made possible through AI. The combined offering will also help drive customer lifetime value, from acquisition, through conversion, and retention with the addition of tools for merchandisers to easily and quickly deploy their promotions, test what's working, and rapidly iterate. "Qubit's IP and expertise comes at a perfect time as enterprises turn to AI-driven solutions to provide highly relevant responses, offers and recommendations to their customers at scale. Adding Qubit's capabilities to the Coveo Relevance Cloud platform helps us accelerate the delivery of new incremental innovations to further personalize digital commerce experiences," said Louis Têtu, Coveo Chairman and CEO. Graham Cooke, ...Full story available on Benzinga.com