Netherlands-based Sprout Magazine includes Rob in its "Heroes of Silicon Valley" section, which introduces readers to successful companies and people in the U.S. The piece, written in Dutch, details how Rob has led Coupa to accelerated growth. In the story, Rob shares his perspective on what defines a good CEO, his initial changes when first onboard as Coupa CEO, recruiting the best talent, why Coupa is 100%-cloud based, and the financial successes of the company.
For those that read Dutch, here’s the full story:
There’s more good stuff from my US colleagues here around the SAP / Ariba deal. Jason Busch points out that it’s not a done deal yet – it’s not impossible that someone else (Oracle?) might come in and trump SAP’s offer, although the almost 10x sales valuation makes that fairly unlikely.
IDG News Service - SAP is buying cloud-based e-commerce vendor Ariba for US$4.3 billion, the companies announced Tuesday.
Ariba's platform focuses on business-to-business commerce transactions. It makes a natural fit with SAP's "broad customer base and deep business process expertise," SAP said in a statement.
Last week, Coupa, P2P technology mavericks, announced they’d obtained $22 million in new investor funding to support further expansion. Jason at Spend Matters US wrote about it here, outlining how Coupa are likely to use the money, and highlighting some of the reasons for their success and rapid growth in recent years. He sees the fund-raising as positive for Coupa clients – notwithstanding some IP / patent issues they’ve got (more to come on that) – and he says “perhaps most important, the (funding) round should provide Coupa with the ability to more aggressively build out its functional footprint”.
Coupa Software, a software-as-a-service developer that helps businesses make smart decisions about how they spend their own money, said it has raised $22 million in its Series E funding round. Crosslink Capital led the round, joined by earlier investors Battery Ventures,
BlueRun Ventures, El Dorado Ventures and Mohr Davidow Ventures. Founded in 2006, Coupa has been regarded widely as a “Mint.com for businesses.”
After getting a diploma, MBAs might think they have it all figured out. However, the best education is only one building block of future career success. No matter how well you did in b-school, it’s important not to get complacent. It’s easy to over-value your education credentials, especially with GMAC surveys reporting that 99 percent of employers end up satisfied with their MBA hires.
Up-take on easy-to-use software is growing and moving up the CPOs agenda
Any software developer worth their salt knows the importance of making their programmes easy to use. Yet the rise of extremely easy-to-use software in every home with an internet connection, and the growing demand for wide-reaching purchasing tools, has placed usability even higher on the CPO’s list of desirable qualities.
Coupa Software netted $22 million in new funding to boost its cloud-based e-procurement (or spend-management) services.
New investor Crosslink Capital led this E Series round, joining previous backers Battery Ventures, BlueRun Ventures, El Dorado Ventures and Mohr Davidow Ventures. The cash influx brings total venture funding to $41. 5 million to date for the six-year old company.
Coupa helps manage the entire spending process for businesses, from purchasing supplies to reimbursing employees for expense reports.
Mere months after closing a $12 million investment, Coupa has closed it’s fifth round of funding for $22 million. The company did not disclosed its valuation.