Description
Coupa is a global technology platform for Business Spend Management (BSM). The company is headquartered in San Mateo, California with offices throughout Europe, Latin America, and Asia Pacific. Coupa helps companies gain visibility into, and control over, the money and resources spent within their organizations. In 2021, Coupa was included in Gartner’s Magic Quadrant Procure-to-Pay leader.
History
Dave Stephens and Noah Eisner founded Coupa in 2006. Rob Bernshteyn took over as Coupa's CEO in February 2009.
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 October, Coupa Software went public on the Nasdaq, trading as COUP.
In 2020, Coupa acquired AI supply chain design company LLamasoft.
In 2021, Coupa debuted its new venture capital fund, Coupa Ventures. On June 15th, Coupa launched its Sustainable Business Spend Management (BSM) platform, to help business owners with their sustainability initiatives.
