AI-powered personalization supplier Qubit will get acquired by Coveo



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AI-powered relevance platform Coveo immediately introduced that it acquired Qubit, a pacesetter in AI-powered personalization know-how for merchandising groups. The acquisition expands Coveo’s ability to use AI to power engaging experiences throughout commerce, service, assist, and digital office options, and in addition bolsters the corporate’s geographic enlargement into the U.Okay. and European markets.

“Qubit’s IP and experience comes at an ideal time as enterprises flip to AI-driven options to supply extremely related responses, provides, and suggestions to their prospects at scale,” mentioned Louis Têtu, CEO and chairperson of Coveo. “Including Qubit’s capabilities to the Coveo Relevance Cloud platform helps us speed up the supply of recent incremental improvements to additional personalize digital commerce experiences.”

New choices for AI-powered retail options

The acquisition permits Coveo to supply retailers with progressive, AI-powered ecommerce solutions, permitting them to maintain tempo with the accelerated digital shift and meet shopper expectations round relevance. Merchandisers may have extra instruments at their disposal to deploy promotions, check completely different methods, and iterate extra rapidly, thereby driving buyer lifetime worth from acquisition by to retention.

“Our two companies complement one another completely throughout each know-how and experience and are aligned to ship a complete resolution for the advantage of our prospects’ success,” mentioned Graham Cooke, Qubit CEO. “We stay up for delivering extra enterprise worth to our collective prospects as we roll out our built-in providing that drives ahead the subsequent stage of personalization.”

The improved Coveo Relevance Cloud permits retailers to make use of AI-powered commerce search, which detects shopper intent and determines particular person context. The relevance platform helps personalised search, product and content material suggestions, guided shopping, and product itemizing pages, in addition to optimization by A/B and multivariate testing and analytics. Retailers will have the ability to interact their prospects throughout a number of digital touchpoints (e.g., chatbots, cell purposes, and digital marketplaces) by plug-in UI parts, headless API, and open commerce assist.

AI-powered relevance throughout industries

The AI-powered relevance platform has purposes throughout completely different industries, together with magnificence and cosmetics, style, luxurious, dwelling and backyard, grocery, journey and tourism, direct-to-consumer, business-to-business, media, and monetary providers. It helps shared personalization throughout buyer self-service, assisted assist, and buyer communities all through the client lifecycle.

Coveo’s SaaS-native, multi-tenant platform supplies search, suggestions, and personalization options to create digital experiences for ecommerce, service, web site, and office purposes. The corporate says its options drive income progress, scale back buyer assist prices, improve buyer satisfaction and digital engagement, and enhance worker proficiency and satisfaction.

Coveo says its AI powers related interactions for lots of of world manufacturers and is supported by a big community of world system integrators and implementation companions, together with Salesforce, ServiceNow, and Zendesk. The corporate has been named a pacesetter within the Gartner Magic Quadrant for Perception Engines and a pacesetter in The Forrester Wave: Cognitive Search.


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