Coveo Acquires Tooso enhances its critical AI capabilities to boost conversions and transform shopping experiences.
Quebec City and San Francisco, Jul 09, 2019: an AI-powered business solutions company- Coveo, announced the acquisition of an AI-based digital commerce engines company- Tooso, to expand and accelerate its capabilities for the digital commerce market.
According to Coveo CEO and Chairman Louis Tetu; this is a game-changing combination in the digital commerce market. And to drive higher conversions, every company involved in digital commerce needs to deliver relevant offers at every micro-moment of interaction with their buyers, understanding both their intents and context and this is what the combination of Tooso AI and Coveo AI can deliver.
According to Laurent Simoneau, Coveo Co-founder, President, and CTO; in digital commerce, the pressure is on for every organization to drive up conversion as every individual expects a relevant experience. And as retailers strive to compete with Amazon, bringing Tooso’s capabilities into Coveo AI launches a new paradigm in the market for intelligent conversion engines.
With this acquisition, the company is deepening its ability to enable retailers to deliver experiences matching their shoppers rising expectations by integrating Tooso’s team and technology into Coveo. Through more advanced understanding of the cutting-edge analysis of the nuances of human language and shoppers’ intent, Tooso and Coveo can act much like a trusted assistant would, ultimately driving up satisfaction and conversion.
Coveo provides access to unstructured and structured data available in various systems and repositories throughout an organization.
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