Coupa

Rank#2104

Market Cap6.12B

CountryUnited States

Summary

Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability. Its platform offers procurement, invoicing, expense management, and payment solutions that form the transactional engine for managing a company's business spend; and specialized solutions, including strategic sourcing, contract management, contingent workforce, supplier risk management, supply chain design and planning, treasury management, and spend analysis. It serves businesses in various industries, including healthcare and pharmaceuticals, retail, financial services, manufacturing, and technology. The company markets its platform primarily through a direct sales force. Coupa Software Incorporated was incorporated in 2006 and is headquartered in San Mateo, California.

History

Dave Stephens and Noah Eisner founded Coupa in 2006. Rob Bernshteyn took over as Coupa's CEO in February 2009. In September 2009, Coupa secured a $7.5 million Series C funding round.In 2014, The Forrester Wave named Coupa a market leader. In May, Ariba, a unit of SAP and a competitor of Coupa, filed a lawsuit alleging that Coupa misappropriated Ariba trade secrets. Also in 2014, the company expanded globally, announcing new operations in Dublin, Ireland.In February 2015, Coupa acquired the assets of ZenPurchase, an enterprise procurement software company, as well as acquiring InvoiceSmash, an e-invoicing vendor, and TripScanner, an open booking vendor, in July. Coupa was also positioned in the Leaders quadrant of the Gartner Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement. On September 24, 2015, Ariba and Coupa settled their lawsuit. Coupa acknowledged its possession of Ariba information and is required to abide by certain procedures to prevent any misappropriation in the future. Coupa paid Ariba an undisclosed amount.In January 2016, Coupa acquired Contractually, a cloud-based contract management solution.In 2020, Coupa acquired AI supply chain design company LLamasoft.In 2021, Coupa debuted its new venture capital fund, Coupa Ventures. On June 15, Coupa launched its Sustainable Business Spend Management platform, to help business owners with their sustainability initiatives.In March 2022, Coupa was named a Leader in the Forrester Wave Supplier Value Management Platform. In May, Coupa added analysis features to its procurement management software to track Scope 1, 2 and 3 emissions reductions and how these contribute to supplier sustainability goals.In December 2022, Thoma Bravo outbid Vista Equity Partners to announce its acquisition of Coupa for $6.15 billion in cash, and a total enterprise value of $8 billion.

Mission

Value as a Service. At Coupa we have a higher purpose. From our own operations to what we offer clients, we are focused on one thing: business value. It’s more than how much you paid for something or what a new solution saved. Value is the quantifiable, measurable improvement that a solution or process delivers. It’s explicit, but it isn’t a singular achievement or a moment in time.

Vision

Coupa’s vision is to be the leading provider of innovative cloud-based financial solutions.

References

https://en.wikipedia.org/wiki/Coupa

https://in.investing.com/equities/coupa-software-inc

https://finance.yahoo.com/quote/COUP/profile?p=COUP

https://www.comparably.com/companies/coupa-software/mission

https://www.crunchbase.com/organization/coupa

https://sec.report/CIK/0001385867

https://companiesmarketcap.com/

https://www.coupa.com

Leadership team