In 2006, its first free open-source product, Coupa Express, was built using RoR. Coupa's BSM platform collects anonymized customer data to make recommendations to improve business transactions. Technology Ĭoupa's cloud-based Business Spend Management solution manages transactions across procurement, payment, and supply chain. 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. 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 March 2022, Coupa was named a Leader in the Forrester Wave Supplier Value Management Platform. On June 15, Coupa launched its Sustainable Business Spend Management (BSM) platform, to help business owners with their sustainability initiatives. In 2021, Coupa debuted its new venture capital fund, Coupa Ventures. In 2020, Coupa acquired AI supply chain design company LLamasoft. In January 2016, Coupa acquired Contractually, a cloud-based contract management solution. Coupa acknowledged its possession of Ariba information and is required to abide by certain procedures to prevent any misappropriation in the future. On September 24, 2015, Ariba and Coupa settled their lawsuit. Coupa was also positioned in the Leaders quadrant of the Gartner Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement. 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. Also in 2014, the company expanded globally, announcing new operations in Dublin, Ireland. In May, Ariba, a unit of SAP and a competitor of Coupa, filed a lawsuit alleging that Coupa misappropriated Ariba trade secrets. In 2014, The Forrester Wave named Coupa a market leader. In September 2009, Coupa secured a $7.5 million Series C funding round. Rob Bernshteyn took over as Coupa's CEO in February 2009.
History ĭave Stephens and Noah Eisner founded Coupa in 2006. It was taken private by Thoma Bravo in February 2023. In 2016, Coupa Software went public on the Nasdaq, trading as COUP. Coupa helps companies gain visibility into and control over how they spend money, optimize supply chains, and manage liquidity. The company is headquartered in San Mateo, California with offices throughout Europe, Latin America, and Asia Pacific. Coupa Software is a global technology platform for Business Spend Management (BSM).
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