Press Releases

Coupa Named to Inc. 500 List of America’s Fastest-Growing Private Companies

 

Growth of More than 1000 Percent Secures Coupa’s Debut in Inc. Magazine’s Annual Ranking

 

SAN MATEO, Calif. – August 20, 2014 – Coupa Software, the leading provider of cloud solutions for finance, today announced it has been named to the Inc. 500 list for 2014. It is Coupa’s debut in the annual list, highlighting revenue growth of 1,023 percent between 2010 and 2013.

 

The Inc. 500 is an annual list of the fastest growing private companies in America. The companies must be U.S.-based, privately held, for profit and independent – not subsidiaries or divisions of other companies – as of December 31, 2013. The companies of the Inc. 500 represent the top tier of the Inc. 5000, which can be found in its entirety on www.inc.com.

 

Coupa’s growth and momentum have continued in 2014:

 

Coupa will be recognized among other Inc. 500 companies at the 33rd Annual Inc. 5000 Conference and Awards Ceremony, taking place October 15-17, 2014 at the JW Marriott Desert Ridge Resort & Spa in Phoenix, AZ. For details, visit www.inc5000conference.com.

 

About Coupa Software

Coupa Software is the leading provider of cloud-based financial applications. More than 450 customers headquartered in over 40 countries use the Coupa suite of financial applications to support business agility and reduce costs. Only Coupa provides a suite of true cloud applications for finance, including accounts payable, sourcing, procurement and expense management that allows customers to realize a return on their investment within a few months and savings that continually impact the bottom line. Learn more at: coupa.com. Read more at our company blog, Making Cents or follow @Coupa on Twitter.

 

 

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Coupa Posts Breakthrough Second Quarter on Global Expansion

 

Second Quarter marks 22nd consecutive quarter of subscription revenue growth

 

SAN MATEO, Calif. – August 12, 2014 – Coupa Software, the leading provider of cloud-based spend management solutions for finance, today announced its Q2 2014 results, highlighted by a 100 percent increase in revenue over Q2 2013 and record attendance at Coupa’s annual INSPIRE Conference. Additionally, the company has now posted 22 quarters of sequential subscription revenue growth.

 

“Coupa has enjoyed such consistent growth because of the unique partnership we forge with our customers in driving measurable business results,” said Rob Bernshteyn, CEO of Coupa. “We’re deeply proud of our position as the industry’s leader in cloud-based financial applications and extremely thankful to our growing worldwide customer base. Together, we are reimaging our industry and delivering real, measurable business value.”

 

Q2 2014 Coupa highlights include:

  • Revenue growth: 100 percent revenue increase over Q2 2013.
  • Renewal rates: More than 99 percent renewal rate.
  • Record customer go-lives: More than 20 Coupa customers went live during the second quarter in North America, Asia and EMEA. These record results reflect the rapid deployment and ease-of-use benefits of Coupa’s cloud-based platform and showcase the company’s ability to maintain top-of-class customer success standards as it scales rapidly across the globe.
  • Industry leadership: Coupa was recognized as a leader in May 2014 in “The Forrester Wave™: eProcurement Q2 2014” report issued by Forrester Research Inc. The leading analyst firm gave Coupa the highest scores for both Current Offering and Strategy.
  • Awards recognition: Coupa was recognized with a number of industry awards including AlwaysOn Global 250, AlwaysOn OnDemand Top 100, CFO Forum Best Suppliers of 2014, Best Places to Work in the Greater Bay Area by the San Francisco Business Times and Silicon Valley Business Journal, and was named finalist in the SIIA CODiE Awards Best Cloud Platform as a Service and in the 2014 Stratus Awards.
  • Business partners: Coupa gained significant traction through Alliance Partners, signing new customers with each and opening a new partnership with EXL. Also, NetSuite recognized the Coupa Cloud Procurement and Expense Management Suite with ‘Built for NetSuite’ verification.
  • New solutions: Coupa released to market a new inventory application and Release 11 with more than sixty new enhancements focused on driving measurable customer success.
  • Innovation: Coupa added to its IP portfolio in the second quarter as the US Patent and Trademark Office awarded Coupa a new patent in the area of ‘Shopping at e-commerce sites within a business procurement application.’
  • Hiring: Coupa continued to aggressively hire to support its growth. In Q2 2014 Coupa’s hiring increased substantially compared to the previous quarter. The company will continue to expand the global team throughout the year, with significant investments in European markets to meet growing demand.

 

Key Customer Wins

Coupa customer wins in Q2 2014 include Juniper Networks, Royal Ahold, Aggregate Industries UK, YRC, Medecision, Remedi Seniorcare, Peloton Cycle, Power Integrations, United Church Homes, Flagstar Bancorp and Vesta.

 

Existing Customer Add-ons

Significant expansions occurred with Brookdale, AppNexus, Adidas Latin America, Quiksilver, Digital Realty Trust, and Aircraft Service International Group while an additional 39 customers bought some additional product.

 

About Coupa Software

Coupa Software is the leading provider of cloud-based financial applications. More than 425 customers headquartered in over 40 countries use the Coupa suite of financial applications to support business agility and reduce costs. Only Coupa provides a suite of true cloud applications for finance, including accounts payable, sourcing, procurement and expense management that allows customers to realize a return on their investment within a few months and savings that continually impact the bottom line. Learn more at: coupa.com or call +1 (650) 931-3200. Read more at our company blog, Making Cents or follow @Coupa on Twitter.

 

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Coupa Named a Best Supplier by The CFO Forum

 

'Maniacal Customer Focus' Earns CFO Respect in 'Quality of Work'

 

SAN MATEO, Calif. – July 31, 2014Coupa Software announced today that it has been named to the CFO Forum’s Best Suppliers 2014 List. Coupa was noted specifically by CFO voters as a leader in the industry in the ‘Quality of Work’ category.

 

“We take great pride in being named a Best Supplier on this year’s list,” said Rob Bernshteyn, CEO of Coupa. “Creating customer success is

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Coupa Named an AlwaysOn Global 250 Winner

 

Recognized for creating technology innovations for the Global Silicon Valley

 

 SAN MATEO, Calif. – July 17, 2014Coupa Software announced today that it has been chosen by AlwaysOn as one of the AlwaysOn Global 250 winners.  Inclusion in the AlwaysOn Global 250 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players in the Global Silicon Valley. 

 

Coupa was selected based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media attention.  Coupa and the AlwaysOn Global 250 companies will be honored at AlwaysOn’s 12th annual Innovation

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NPL Construction Co. Builds Success with Coupa

 

Leader in Energy Distribution Systems Slices Approval Times

for Capital Equipment by Almost Two Days

 

SAN MATEO, Calif. – June 13, 2014Coupa Software, the leading provider of cloud applications for finance, today announced it has driven success for NPL Construction Co., a leader in energy distribution construction. By using Coupa, NPL has decreased request-to-approval time on capital equipment by 11 hours and achieved significant cost efficiencies through a better-managed supplier network.

 

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Coupa Software Continues Expansion With New World Headquarters

 

Cloud spend optimization leader establishes original Siebel Systems offices as their new global headquarters

 

SAN MATEO, Calif. – June 12, 2014Coupa Software, the leading provider of cloud applications for finance, today announced that the company has relocated its two downtown San Mateo offices to one new worldwide headquarters complex. The 26,200 square-foot offices, located at 1855 S. Grant Street, originally housed Siebel Systems. Coupa has global offices throughout the United States, EMEA, and Australia.

 

“Our rapid hiring and maniacal focus on customer success required us to invest in one large central location for our growing employee base,” said Rob Bernshteyn, CEO of Coupa. “It’s fitting that our new world headquarters will be in the original offices of Siebel Systems.  While Siebel Systems was an early innovator in helping companies leverage information technology to drive sales effectiveness, Coupa is helping companies on the other side of the transaction.  We are pioneering a new category of applications that help companies leverage information technology to optimize their spending.”

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Coupa Software Releases 2014 Procurement Benchmark Report

 

 

Annual industry report from leader in cloud financial applications reveals key performance indicators for procurement and financial leaders 

 

SAN MATEO, Calif. – June 3, 2014 – Coupa Software, the leading provider of cloud applications for finance, today made available its 2014 Coupa Benchmark Report, the industry’s leading annual benchmark of key performance indicators for procurement and financial leaders. 

 

As companies seek to improve their performance in driving savings and increasing efficiencies, the Coupa Benchmark Report serves as a powerful tool for measuring a company’s spend optimization performance relative to that of the overall market. By comparing their efforts to other businesses, finance professionals can better understand the relative effectiveness of their efforts and find areas of opportunity for future growth.

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Coupa Named a Leader in e-Procurement by Independent Research Firm

 

Coupa Received Highest Score for Both Current Offering and Strategy

 

SAN MATEO, Calif. – May 23, 2014 – Coupa Software, the leading provider of cloud applications for finance, today announced that the company was recognized as a leader in the “The Forrester Wave™: eProcurement Q2 2014” report issued by Forrester Research Inc.

 

Coupa was among the select companies Forrester invited to participate in the independent report, which evaluated 11 of the largest Procure-to-Pay platforms by their ability to deliver visibility and control through high user adoption.

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Coupa Software Named an OnDemand Top 100 Winner by AlwaysOn

 

Recognized for creating new opportunities in on-demand software, cloud computing, and SaaS for fourth consecutive year

 

SAN MATEO, Calif. – May 20, 2014Coupa Software, the leading provider of cloud-based solutions for finance, today announced that it has been chosen by AlwaysOn as one of the OnDemand Top 100 winners for the fourth year running. Inclusion in the OnDemand 100 signifies leadership among its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. Coupa was selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

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Coupa Cloud Procurement and Expense Management SuiteApp Achieves ‘Built for NetSuite’ Verification

 

New SuiteApp Meets the NetSuite SuiteCloud Platform's Development Standards and Documented Best Practices

NETSUITE SUITEWORLD 2014, SAN JOSE, Calif. – May 14, 2014 – Coupa, a leading on-demand provider of solutions that control and streamline purchasing and expense management for organizations large and small, announced today that its Coupa Cloud Procurement and Expense Management SuiteApp has achieved ‘Built for NetSuite’ verification. The new SuiteApp, built using NetSuite’s SuiteCloud Computing Platform, provides an easy-to-use, fast-to-deploy and affordable solution for requisitions, expense reporting, approval management, purchase orders, RFQs, contract compliance, inventory and invoicing, with no hardware to buy or software to license. With deep domain knowledge in e-procurement, a best-in-class cloud platform, and a fast-growing community of 400+ customers doing business with over 1,000,000 suppliers, Coupa enables NetSuite Inc. (NYSE: N) customers to achieve smarter spending practices and save money quickly.

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