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Coupa Named a Top Employer on List of Public Cloud Computing
List showcases public cloud companies with the highest employee satisfaction ratings like Salesforce and Adobe
SAN MATEO, Calif. – May 2, 2018 – Coupa Software (NASDAQ: COUP), a leader in business spend management (BSM), was recognized as one of the highest rated public cloud computing companies to work for in a new list released by Battery Ventures, a global investment firm, and Glassdoor, one of the world’s largest job and recruiting sites. The list highlights 25 publicly traded companies – all business-to-business cloud companies – where employees report the highest levels of satisfaction at work, according to employee feedback shared on Glassdoor.
As a top employer, *Coupa has an overall company rating of 4.2. The broader average across Glassdoor is 3.4. Additionally, Coupa CEO Rob Bernshteyn boasts an 88 percent approval rating on Glassdoor – compared to an average of 69 percent for all 770,000 employers on the site. Coupa also has an 85 percent positive business-outlook rating, which is based on feedback shared by employees, while the broader Glassdoor average is 48 percent. A positive business outlook means employees believe business will improve in the next six months.
“Since we first partnered with Glassdoor to compile this list in 2016, the cloud has only grown in influence and market power,” said Neeraj Agrawal, a Battery general partner who specializes in cloud investing. “It was also significantly tougher to make the list this year, with companies requiring a higher Glassdoor rating to make the cut – showing that companies can’t rest when it comes to focusing on culture and employee happiness. Coupa should be really proud of this accomplishment because it recognizes that the company is being proactive in creating a very positive work environment for its employees.”
More broadly, “we view these rankings as a key indicator of company health and potential growth,” said Agrawal, who will discuss the lists and their implications at this week’s CloudNY conference, a high-profile, invite-only event for cloud founders and CEOs. Agrawal also serves on the board of Glassdoor. A Glassdoor economic research study, as well as other third party studies, also show that companies with high employee satisfaction often post stronger financial performance.
“We are honored that our Coupa colleagues believe we have created a great place to work, together,” said Bernshteyn, who will also speak at the CloudNY conference. “We’ve created an environment with many opportunities for us to innovate and make valued contributions to our business and our community. Our success is attributed entirely to the talented people that walk through our doors both here and abroad every day, and I am thrilled to see Coupa highlighted as a great place to work.”
About Coupa Software
Coupa Software (NASDAQ: COUP) is the cloud platform for business spend management (BSM). We deliver “Value as a Service” by helping our customers maximize their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. Customers – small, medium and large – have used the Coupa platform to bring billions of dollars in cumulative spend under management. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
*Denotes a Battery investment. For a full list of all Battery investments and exits, please click here. All Glassdoor ratings are as of March 18, 2018, when Glassdoor and Battery did their data analysis.
“Views contained herein are for informational purposes only and should neither be considered investment advice nor construed or used as an offer and/or recommendation to buy or sell a security.”