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Leading Brands Use Coveo AI to Transform their Ecommerce Product Discovery and Accelerate Revenue Growth

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Caleres, FleetPride, and Freedom Furniture Leverage Coveo AI-Search to Personalize Product Discovery and Boost Conversions

MONTREAL, LONDON and NEW YORK, May 22, 2025 /CNW/ – Coveo, the leader in AI-Relevance, delivering best-in-class AI-search and generative experiences that maximize business outcomes at every point-of-experience, today announced that leading business-to-consumer and business-to-business brands Caleres, FleetPride, and Freedom Furniture are leveraging its AI-RelevanceTM platform to transform online experiences, boost conversions, and unlock new growth opportunities. By delivering relevant, personalized interactions across the entire customer journey, Coveo empowers businesses to delight consumers and drive significant revenue gains.

The Coveo 2025 Commerce Relevance report, a survey of 4,000 adults across the US and UK, found that 77% of shoppers research online before buying, even if they buy in-store, and 43% of those surveyed said if they have a goal in mind they head to the search bar. This represents a huge opportunity for companies to win big or lose big as, if search falls short, the report found that 72% of shoppers will leave, with 36% going straight to a competitor. Coveo equips companies with AI-search to enhance engagement through intelligent, tailored experiences that reduce friction and deepen loyalty.  

“Too often, online experiences are frustrating and unproductive for customers. In today’s digital landscape, businesses win or lose based on the precision, speed, and intelligence of their online experience,” said Peter Curran, GM of Commerce at Coveo. “Coveo is proud to partner with leading brands who are transforming their digital experiences with AI-search to deliver the relevance and personalization that their customers demand – and who have the impressive business metrics to prove that these efforts drive significant revenue growth.”

Caleres Steps into the Future of Ecommerce with Advanced Search and Discovery

Caleres is one of the most successful shoe retailers you’ve never heard of. The multi-billion St. Louis-based parent of Famous Footwear, Sam Edelman, Dr-Scholls, Vince and Veronica Beard traces its history to pre-Civil War, navigating more than 140 years of business by staying one step ahead of an ever-changing industry.

An early adopter of the web, Caleres witnessed the trends and growth of ecommerce take shape. A few years ago they identified that their search and discovery technology was not optimized to handle a complex catalog of more than 600,000 SKUs organized by color, size, width, and store availability. They were unable to adjust, test, or access data regarding on-site search, product listing pages, and product recommendations. Finally, they relied on thousands of manual rules that were time-consuming and difficult for merchandisers to maintain. For the evolution of their next generation ecommerce experience, they chose Coveo’s AI platform to power their search and experience layer.

Reported results with Coveo over measured period:

21% increase in revenue YoY25% increase in conversion rate

FleetPride Accelerates Customer Service and Drives Revenue with Enhanced Digital Presence and Data-Driven Insights

In trucking, downtime is a liability costing thousands of dollars a day. Founded in 1999, FleetPride is North America’s largest distributor of truck and trailer parts and service in the independent heavy duty aftermarket. FleetPride’s 4000 experts across 300+ locations, 85+ service centers, and five distribution centers help customers find the products they need — as quickly as possible.

But FleetPride needed to catch up with its digital presence. Its website was failing to serve its customers, who needed an exact part number to order an item online. FleetPride’s siloed system of tracking inventory offline and online meant that customers often had limited visibility into stock availability or price. Adding to the problem, FleetPride’s website included a sprawling inventory of over one million parts and accessories. With Coveo’s artificial intelligence technology solutions and a better understanding of their customers, FleetPride was able to boost customer engagement, deflect customer cases, and create more sales opportunities through customized shopper experiences.

Reported results with Coveo over measured period:

7% increase in revenue per visit for sessions9.6% increase in conversion rate27% increase in search engagement

Freedom Furniture Reimagines Retail with Intelligent Search and Product Discovery

Freedom Furniture has long been a trusted name in Australian and New Zealand homes, offering stylish, personalized pieces that cater to every taste and lifestyle. With over 60 stores and more than 40 years of excellence, the company has earned its reputation as a leader in furniture and homewares.

Today, Freedom is rewriting the rules of retail with a bold digital transformation. By revamping its ecommerce platform, integrating a dropshipping model, and adopting AI-driven search and product discovery, the company has redefined both its in-store and online shopping experiences. These changes combined with innovative omnichannel strategies, ensure Freedom is delivering a customer-centered experience, offering an endless aisle of possibilities and limitless choice.

Reported results with Coveo in the first 30 days:

5.5% uplift in average order value (AOV)15% increase in customer sessions with search50% decrease in merchandising effort

By providing customers with the right information at the right time, Coveo empowers businesses to create exceptional online experiences that drive customer satisfaction, foster long-term loyalty, and directly impact the bottom line.

Discover Coveo AI CX solution at www.coveo.com

About Coveo
Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes.

Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person’s journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.

Our Coveo AI-Relevance™ Platform enables enterprises to deliver hyper-personalization at every point-of-experience, unifying all their data securely, with the highest level of contextual and prescriptive accuracy while simultaneously optimizing business outcomes.

Coveo brings AI-Relevance to the digital experiences of many of the world’s premier and most innovative brands, serving millions of people across billions of interactions.

What we believe is bold: Digital is everywhere, Relevance is not. It’s the only way to win in the digital age.

The Coveo AI-Relevance Platform is ISO 27001 and ISO 27018 certified, SOC2 compliant, HIPAA compatible, with a 99.999% SLA available. We are a Salesforce ISV Partner, an SAP EndorsedⓇ App, AWS ISV Accelerate Program member, an Adobe Gold Partner, MACH Alliance member, Optimizely Partner, Shopify Partner, and a Genesys AppFoundryⓇ ISV Partner.Coveo is a trademark of Coveo Solutions Inc.

Stay up to date on the latest Coveo news and content by subscribing to the Coveo blog, and following Coveo on LinkedIn and YouTube.

Forward-Looking Information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws (collectively, “forward-looking information”). This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “might”, “will”, “achieve”, “occur”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, “continue”, “target”, “opportunity”, “strategy”, “scheduled”, “outlook”, “forecast”, “projection”, or “prospect”, the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. In addition, any statements that refer to expectations, intentions, projections, or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates, and projections regarding future events or circumstances.

Case Studies Data

Reported metrics estimates in customer stories were formulated after A/B testing and reflect the estimated benefits to the selected customers based on feedback received from such customers and data reported by them for periods selected. These estimates are limited by the scaling factors of extrapolating these results from the specific project scope of each deployment across the customer’s business and/or project. Time periods used to formulate the estimates may vary between customers and depend on each customer’s own situation, use case and deployment. The definitions of the performance indicators used herein, and how they are calculated and reported, may also vary between customers, and therefore, actual and reported results achieved by customers may vary between customers.

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SOURCE Coveo Solutions Inc.

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tonies® and BBC Studios bring Bluey to the Toniebox, expanding family storytelling through immersive audio play

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Family-favorite Bluey joins tonies’ leading interactive audio platform for childrenBluey stories, interactive Tonieplay experiences, and exclusive products will come to families around the world

PALO ALTO, Calif., June 17, 2026 /PRNewswire/ — tonies SE (“tonies”), the globally leading interactive audio platform for children, announces a partnership with BBC Studios to bring Bluey to the Toniebox for the first time. The collaboration expands one of the world’s most beloved TV series into immersive, audio-first experiences for kids and their families.

Available for pre-order in the U.S. today, June 17, on tonies.com and target.com, the partnership will introduce a range of Bluey experiences designed to inspire play, storytelling and shared family moments, including Classic Tonies, interactive Tonieplay adventures, and themed accessories inspired by the globally celebrated series.

Bluey joins the tonies family at a time of accelerating global growth, with more than 12 million Tonieboxes already sold worldwide. For families, the partnership brings another opportunity to experience Bluey beyond the screen. For tonies, it reinforces the company’s position as the destination for premium children’s storytelling and one of the world’s leading platforms for family entertainment and play.

Tobias Wann, CEO of tonies, says: “At tonies, we’re listening to our audience and responding to what excites them. Few brands capture family connection and playful storytelling quite like Bluey. For years, families around the world have asked for Bluey on the Toniebox, and we are incredibly proud to bring this beloved world to life in a way that feels uniquely tonies. This partnership is another powerful example of why many of the world’s leading family brands trust tonies to thoughtfully extend the stories fans already love.”

Suzy Raia, EVP Global Consumer Products at BBC Studios, adds: “Bluey has always encouraged children to jump into play, and tonies brings that spirit to life in a truly special way. We are especially excited by Tonieplay and how it invites families to actively take part in the stories they love. Together, we’re thoughtfully expanding the Bluey universe through immersive storytelling and play in ways that feel authentic, playful, and true to the heart of the brand.”

Rolling out across North America, DACH, the UK, France, Australia and New Zealand from June through October, the launch introduces families to an exclusive Bluey Tonieplay experience, developed in-house by tonies’ studio and adapted directly from fan-favourite moments from the series. Designed as immersive audio-first play, the experience invites children to step into Bluey’s world through interactive storytelling, playful challenges and adventures, and has been developed in close collaboration with BBC Studios to preserve the heart of Bluey while introducing a new way to engage with its characters and stories through hands-on play.

In addition, three Classic Tonies figurines including Bluey, Bingo, and Muffin will debut in North America, DACH, the UK, France and New Zealand. Themed accessories, including Bluey Listen and Play bags and a Bluey Toniebox 2 sleeve will be available across all markets.

Ginny McCormick, CXO of tonies, adds: “At tonies, we’ve spent more than a decade building expertise in how children naturally listen, imagine and play. That means every experience starts ears-first and every creative choice begins with protecting what families already love about a brand. With Bluey, we’re especially excited to pair that philosophy with our original Tonieplay innovation, creating experiences that help children actively step into a world they already know by heart”.

Since its debut in Australia in 2018, Bluey has built a global fanbase and become one of the world’s most-watched animated TV series. Known for its heartwarming storytelling, humour, and celebration of play and family life, the show has grown into a cultural phenomenon. Its success has been widely recognised across the industry, earning accolades from a BAFTA to multiple Emmy Awards, as well as the 2026 Toy of the Year Award for “License of the Year” for the second consecutive year.

Pre-order is live now at https://us.tonies.com/collections/bluey-collection & www.target.com.

About tonies

tonies® is the globally leading interactive audio platform for children redefining how children aged 1 to 9+ play, learn, and grow independently without screens. Since its founding in Germany in 2014, around 12.2 million Tonieboxes and over 165 million Tonies have been sold worldwide.

On average, children engage with tonies for ~280 minutes per week, making it a trusted everyday companion that brings the joy and magic of interactive audio entertainment and education into family life worldwide.

The intuitive and award-winning system – centered around Toniebox 2 – offers a portfolio of around 1,500 Tonies figurines and about 20 Tonieplay games and more than 3,500 digital titles via mytonies (library and app) – ranging from tonies Originals® to licensed content from around 350 partners including Disney, Warner Bros., NBC Universal, Mattel, Marvel, Paramount, Hasbro, Universal, Sony Music.

tonies is rapidly expanding its platform globally. Besides DACH, central growth regions include tonies’ largest market, North America, the United Kingdom and Ireland, France, Australia and New Zealand, with Tonieboxes now active in over 100 countries. tonies employs more than 630 people, achieved EUR 630 million in group revenue in fiscal year 2025 (+31% yoy), and is listed in the SDAX segment of Frankfurt Stock Exchange (tonies SE).

About Bluey

The series follows Bluey, a loveable, inexhaustible, blue heeler dog who lives with her Mum, Dad and her little sister, Bingo. Bluey uses her limitless energy to play games that unfold in unpredictable and hilarious ways, bringing her family and the whole neighbourhood into her world of fun.

Bluey is produced by Ludo Studio for ABC KIDS (Australia) and co-commissioned by ABC Children’s and BBC Studios Kids & Family. Financed in association with Screen Australia, Bluey is proudly 100% created, written, animated, and post produced in Brisbane Queensland, Australia, with funding from the Queensland Government through Screen Queensland and the Australian Government.

In Australia, the show is broadcast on ABC. The series airs and streams to U.S. and global audiences (outside of Australia, New Zealand, and China) across Disney Channel, Disney Jr., and Disney+ through a global broadcasting deal between BBC Studios and Disney Branded Television.

Bluey | Website | Facebook | Instagram | TikTok | YouTube 

About Ludo Studio

Ludo Studio is a BAFTA, multi-Emmy®, Logie and Peabody award-winning Australian studio and one of TIME’s Most Influential Companies of 2024, that creates and produces original scripted drama, animation and digital stories that are authored by incredible local talent, distributed globally and loved by audiences everywhere.

ludostudio.com.au

About BBC Studios Brands & Licensing

The BBC Studios Brands & Licensing division is the driving force in extending BBC Studios IP through innovative brand extensions, fostering deep fan engagement worldwide. Partnering our iconic brands – including Doctor Who and Bluey – with the world’s biggest brands, promoters, and publishers, ignites the imagination of fans and creates memorable brand-fame moments. Our diverse portfolio spans consumer products, live entertainment, gaming, and publishing, while BBC Studios Digital drives over 1 billion views per month, offering advertising and branded content opportunities. Supported by award-winning teams, we focus on finding visionary opportunities to enhance global brand impact and digital growth.

BBC Studios | Website | Press Office | X | LinkedIn | Instagram 

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Avalara CRUSH Europe 2026 Brings Tax and Compliance Leaders Together for the Agentic AI Era

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Customers and partners invited to register and hear directly from leaders transforming tax and compliance with AI

LONDON, June 17, 2026 /PRNewswire/ — Avalara, Inc., the agentic AI leader in global tax and compliance, today announced that registration is open for Avalara CRUSH Europe 2026, the company’s premier customer and partner event. Taking place on 8 October 2026 at The Dorchester in London, CRUSH Europe will bring together tax, finance, accounting, e-commerce, and technology leaders to explore how agentic AI is transforming tax and compliance.

Registration is now open at events.avalara.com/event/Europe/Home.

“Compliance leaders across Europe are being asked to navigate unprecedented regulatory change while finding new ways to drive efficiency and growth,” said Danny Fields, Chief Technology and Customer Operations Officer at Avalara. “CRUSH Europe is an opportunity for customers and partners to learn from industry experts, connect with peers, and see firsthand how agentic AI is transforming tax and compliance from a manual business burden into a strategic, automated advantage.”

Attendees can expect a curated agenda that includes:

Visionary keynotes and roundtables on agentic AI and the future of global tax and complianceLive product demonstrations showcasing Avalara’s most advanced technology, including Avi, Avalara’s AI tax and compliance agent, with capabilities spanning e-invoicing, tariff classification, exemption certificate management, and real-time tax code predictionFireside chats and customer stories featuring real-world perspectives from businesses navigating today’s most complex compliance challengesNetworking opportunities to connect with peers, Avalara leaders, and partners shaping the future of the industry

Space is limited at CRUSH Europe 2026 and early registration is encouraged.

Event Details
Date: 8 October 2026
Location: The Dorchester, London, UK
Registration: events.avalara.com/event/Europe/Home 

About Avalara
Avalara is the agentic AI platform for global tax and compliance. For more than two decades, Avalara has built one of the most expansive libraries of tax content and integrations in the industry, processing more than 54 billion transactions annually and supporting millions of businesses worldwide. The company’s purpose-built AI agents automate end-to-end compliance with greater precision, from tax calculations and return filings to exemption certificate management and beyond. For more information, visit Avalara.com.

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Digital champions CEE 2026: Total valuation nears 128 billion USD as deeptech and relocations reshape the region

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WARSAW, June 17, 2026 /PRNewswire/ — The Digital Poland Foundation published the 5th edition of the Digital Champions CEE 2026 report. The ranking of the 100 most valuable technology companies in Central and Eastern Europe reveals a combined market capitalisation of USD 127.9 billion — a robust year-on-year growth of 9.36%. Yet the headline figure only tells part of the story: had all companies that have since relocated or been acquired remained in the ranking, the total value would likely exceed USD 170 billion. The fifth edition of the report maps not only how the region has grown, but also where its most valuable assets have gone — and why.

Top 100 tech companies valued at USD 127.9 billion — and the USD 170 billion reality behind them

At the end of 2025, the 100 largest technology companies in Central and Eastern Europe achieved a combined market capitalisation of USD 127.9 billion, narrowing the gap to the region’s 2021 peak and confirming the continued resilience of the regional digital economy. The strongest growth came from the region’s largest players — the so-called “Digital Phoenixes” valued above USD 1 billion — whose combined valuation increased by 14.58% year-on-year to USD 101.05 billion.

However, the report highlights that official data significantly understates the true scale of value created by the region’s innovators. Many leading firms originating from the CEE region — such as ElevenLabs, Grammarly, ICEYE, Rimac, and Avast — have relocated their headquarters to the United States or the United Kingdom to raise capital or have been acquired by multinational corporations, removing them from the ranking. According to the authors of the report, if these mature companies still met the geographic criteria of the index, the total value of the top 100 technology companies from the CEE region would already exceed USD 170 billion.

“When the inaugural Digital Champions CEE ranking was launched, the region was framed as a ‘Digital Phoenix’ — a symbol of ambitious transformation emerging from post-communist economies. Five editions later, the trajectory remains strong, but the narrative has evolved. Against a backdrop of intensified global headwinds, companies across Central and Eastern Europe have shifted from rapid acceleration to more disciplined, resilient growth. This maturation has sharpened strategic focus: for many organisations, it has unlocked new avenues for expansion and innovation; for others, it has introduced heightened competitive pressure and a more complex, unpredictable operating environment,” said Radzym Wójcik, Counsel at Baker McKenzie.

Poland leads while the Baltics dominate by intensity

Poland remains the region’s largest technology ecosystem in absolute terms, accounting for USD 47.39 billion — or 37.05% — of the total regional value, with 42 companies in the Top 100 ranking. It is also the only market showing strength across all company maturity levels, from emerging scaleups to multi-billion-dollar champions.

The Baltic states, however, continue to outperform the region when measured by capitalisation intensity per capita. Estonia achieved the highest score in the ranking, significantly ahead of all other countries, while Lithuania recorded a 123.97% increase in total capitalisation since 2021. Latvia emerged as the fastest climber by intensity growth over the five-year period.

Together, Poland, Estonia, Lithuania, and Czechia now account for nearly 78% of the region’s total technology value. Croatia delivered the strongest long-term growth in percentage terms, with ecosystem value increasing by 170.7% since 2021, while Bulgaria nearly doubled its market capitalisation over the same period.

Deeptech and defence-related innovation reshape the ecosystem

While e-commerce and marketplace platforms remain the region’s largest value category, accounting for more than 36% of total capitalisation, the report identifies a major structural shift toward deeptech, space technology, healthtech, and dual-use innovation.

The “other” category — which includes deeptech and space tech companies — recorded the strongest year-on-year growth in the entire ranking, surging 87.59%. New high-value entrants such as EnduroSat and Creotech Instruments reflect increasing investor appetite for companies addressing defence, logistics, infrastructure, and strategic resilience.

“The composition of the ranking is also evolving. E-commerce, SaaS and fintech remain the backbone of CEE’s digital economy, but the list now points to a broader and more strategic technology base: robotics, space and Earth observation, cybersecurity, AI-native software, digital health, sovereign cloud and other infrastructure-oriented businesses. This shift shows that CEE is moving beyond consumer platforms and software scale-ups toward technologies directly linked to Europe’s productivity, security, resilience and digital sovereignty,” said Wojciech Świercz, Partner at Arthur D. Little.

Record VC exits confirm ecosystem maturity

The report also documents record levels of venture capital-backed exits across the region. Following 82 exits in 2024 — the highest number ever recorded — the ecosystem sustained momentum with 81 exits in 2025.

This marks a dramatic increase compared with just 31 exits in 2015 and confirms that Central and Eastern Europe has evolved from an emerging startup market into a mature ecosystem capable of producing a consistent pipeline of acquisition-ready and IPO-ready companies.

Venture capital investment across the region reached EUR 2.71 billion in 2025. However, the report notes that this figure includes approximately EUR 730 million in funding rounds raised by companies that had already relocated their headquarters outside the region. Those excluded rounds included major transactions involving ElevenLabs, ICEYE, Tachyum, and MaintainX.

The relocation dilemma: nearly half of CEE value has left the region

One of the report’s central conclusions concerns the increasing relocation of the region’s most successful technology companies to the United States and the United Kingdom.

According to data cited in the report, 48% of CEE scaleups have moved their headquarters abroad, primarily to access larger pools of growth capital. The United States attracts 56% of relocating companies, while the United Kingdom alone accounts for nearly one-quarter of all relocations. The report warns that this trend presents a broader strategic challenge for Europe’s competitiveness.

“Europe is increasingly being reduced to a highly skilled research and development layer for the American technology sector. Ideas are incubated locally, products are built locally, but the companies are ultimately financed, scaled, and frequently acquired by US capital,” said Piotr Mieczkowski, Managing director at Digital Poland Foundation.

Ukraine represents the most acute example of this dynamic. While the number of Ukrainian companies formally included in the ranking has declined sharply since 2021, many continue to maintain engineering and R&D operations within Ukraine despite relocating corporate headquarters abroad to secure international financing and ensure business continuity.

A new generation of CEE champions emerging

The report also reveals accelerating generational change within the regional ecosystem. Companies founded between 2017 and 2021 recorded the fastest valuation growth of any cohort, increasing their collective value by 189.09% since the first edition of the ranking.

At the same time, a core group of 49 companies has remained in the Top 100 throughout all five editions of the report, demonstrating the growing stability and resilience of the region’s leading technology players.

“Innovation today is the foundation of competitiveness, resilience and technological sovereignty for Poland and Europe. This is why BGK actively engages in building the innovation financing ecosystem through the Innovate Poland initiative, including the Future Tech Poland fund, as well as through the BGK Vinci investment fund. We also invest directly in funds supporting modern technological infrastructure. The Digital Champions CEE 2026 report demonstrates that our region possesses the talent, ambition and entrepreneurial strength which — with the right support — can translate into the growth of future European and global technology leaders,” said Jarosław Dąbrowski, Member of the Management Board at Bank Gospodarstwa Krajowego.

About the report

Digital Champions CEE 2026 is the fifth edition of the annual ranking of the 100 most valuable technology companies in Central and Eastern Europe. The report was first presented to the public at the Private Equity Insights Poland & CEE 2026 conference in Warsaw. The report covers both publicly listed and privately held companies across the broader CEE region, including the Baltic states and non-EU countries such as Serbia and Albania, while excluding Russia, Belarus, and Austria. The report is based on data from leading transaction monitoring platforms such as CB Insights, Crunchbase, Dealroom, PitchBook, Tracxn, PitchBook and Preqin, and is the result of collaboration with selected VC/PE funds and associations in the CEE region. The report is available to download free of charge from the Digital Poland foundation’s website. Arthur D. Little and Poland’s Bank Gospodarstwa Krajowego are strategic partners of the report; Baker McKenzie, MCI Capital and PFR Ventures are partners.

Photo – https://mma.prnewswire.com/media/2993269/Digital_Champions_CEE_Ranking.jpg
Logo – https://mma.prnewswire.com/media/2993268/5999426/Digital_Poland_Logo.jpg

Media contact:
Piotr Mieczkowski
Managing Director
Digital Poland Foundation
piotr.mieczkowski@digitalpoland.org
+48 605 132 645

 

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