Recognized for its Market Leadership in E-procurement, SaaS Provider Transforming How Companies Reduce Costs and Increase Profits
SAN MATEO, Calif. – March 27, 2012 – Coupa Software, the leader in cloud spend optimization software, today announced that it has been chosen by AlwaysOn as one of the OnDemand Top 100 winners for a second consecutive year.
Coupa’s inclusion in the OnDemand 100 signifies leadership among its peers and recognizes the company’s 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.
“We are proud to be included on the list of companies disrupting and improving their markets,” said Rob Bernshteyn, CEO of Coupa. “This recognition illustrates the value that our spend optimization software provides. We help companies shift to a culture of responsible spending, dramatically improving their bottom line.”
Coupa’s cloud-based purchasing and procurement software manages indirect purchases and expenses in realtime. The platform provides executive dashboards, alerts, and real-time benchmarking in a convenient and familiar online shopping experience. Employees are delighted to use the intuitive software, which vastly reduces maverick spending and increases spend under management.
The OnDemand 100 winners were selected from among hundreds of technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2012 list.
“Digital information has expanded exponentially during the past year. As the emergence of robust, innovative apps needed to manage this information continues, a complex world of interconnected business intelligence and ideas is being created at a new macro level,” said Tony Perkins, founder and editor of AlwaysOn. “This year’s OnDemand 100 winners are continuing to use disruptive technology and ideas to merge valuable legacy data and systems with new, vital streams of information. The results are being deployed in the cloud by any number of SaaS products and services, changing the way all businesses coexist. The OnDemand 100 continues to represent some of the highest-growth opportunities in the private company marketplace.”
Coupa and the OnDemand Top 100 companies will be honored at the AlwaysOn OnDemand event on April 4, 2012, at Hewlett-Packard’s Executive Briefing Center in Cupertino, California. This two-and-a-half-day executive event features CEO presentations and high-level debates on how the internet is disrupting how companies – from small businesses to large enterprises – create, store, distribute, analyze and take advantage of their mission-critical data.
A full list of the AlwaysOn OnDemand Top 100 Companies is available at http://www.aonetwork.com/AOStory/Announcing-2012-OnDemand-100-Top-Private-Companies.
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn’s preeminent executive event series includes the Silicon Valley Innovation Summit, OnMedia, OnHollywood, IMPACT Venture Summit Mid-Atlantic, Venture Summit East, OnDemand, Venture Summit Silicon Valley, OnMobile, and GoingGreen Silicon Valley. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
About Coupa Software
Founded in 2006, Coupa Software is the leader in cloud-based spend optimization software. More than 200 customers in 40 countries use Coupa purchasing and procurement software to amplify their spend power and reduce spending up to 11 percent. Only Coupa provides a true cloud procurement application that enables customers to launch the solution rapidly and quickly realize significant savings. Learn more at: www.coupa.com or call (650) 931-3200. Read more at our company blog, the Coupa Cabana, or follow @Coupa on Twitter.