Coupa Invests in Global Market Expansion to Meet Demand
Spend Optimization Leader Expands Global Reach by Adding International Teams and Opening New Silicon Valley Office
SAN MATEO, Calif. – March 14, 2013 – Coupa Software, the leader in cloud-based spend optimization solutions, today announced that the company is making significant investments to meet accelerated global demand. To support this growing demand, Coupa is adding both personnel and new office locations. Coupa is aggressively hiring experienced international personnel to support enterprises across Europe, Middle East and Africa (EMEA), Asia Pacific (APAC) and Latin America. The company is also expanding its worldwide headquarters in Silicon Valley with the addition of a second office in San Mateo, Calif.
Coupa currently has more than 300 customers in 40 countries. More than 50 of those customers went live in 2012 alone, and the company is continuing its strong growth pattern in 2013. Coupa customers include globally recognized brands like Toyota, Spotify, A&N Media, Bourne Leisure Holdings Limited, Coca-Cola Bottling Company Consolidated and Reebok, among others.
“Enterprises around the world are seeking us out, and we’re very fortunate to be in this position,” said Rob Bernshteyn, CEO of Coupa. “Our investments in these international markets will help fuel our business growth and put us in a position to meet rising global demand while focusing on customer success.”
Since the beginning of 2013, Coupa has grown headcount by approximately 20 percent, and the company expects to double headcount by the end of the year. Coupa also recently announced that it opened offices in Reno, Nev. and Chicago.
Next month, Coupa will hold its first worldwide conference, Coupa INSPIRE, where customers, partners and industry thought leaders will gather to share best practices in spend optimization. The conference is taking place from April 8-10, 2013 at the Westin St. Francis in San Francisco.
About Coupa Software
Founded in 2006, Coupa Software is the leading provider of cloud-based spend optimization software. More than 300 customers in 40 countries use the Coupa suite of cloud applications to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a true suite of cloud applications that enables customers to launch the solution immediately and quickly realize significant savings. Learn more at: coupa.com or call 650.931.3200. Read more on the Coupa Blog, or follow @Coupa on Twitter.