Coupa
From Wikipedia, the free encyclopedia
 | |
| Company type | Private |
|---|---|
| Nasdaq: COUP (2016–2023) | |
| Industry | Internet Software & Services |
| Founded | 2006 |
| Founders |
|
| Headquarters | Foster City, California, U.S. |
Area served | Worldwide |
Key people |
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| Products | spend management software, procurement, sourcing, travel & expense, treasury & payments, supply chain design |
| Owner | Thoma Bravo |
| Website | coupa |
| Footnotes / references [1] | |
Coupa Software Incorporated is an American technology platform for AI-driven total spend management and supply chain.[citation needed] The company is headquartered in Foster City, California with offices throughout Europe, Latin America, and Asia Pacific. Coupa helps companies gain visibility into and control over how they spend money, optimize supply chains, and manage cash.[2]
In 2016, Coupa Software went public on the Nasdaq, trading as COUP.[3] It was taken private by Thoma Bravo in February 2023.[4] Leagh Turner became CEO of Coupa in November 2023.[5][6]
Dave Stephens and Noah Eisner[7] founded Coupa in 2006. Rob Bernshteyn took over as Coupa's CEO in February 2009.[8] In September 2009, Coupa secured a $7.5 million Series C funding round.[9]
In May, Ariba, a unit of SAP and a competitor of Coupa, filed a lawsuit alleging that Coupa misappropriated Ariba trade secrets.[10][11] Also in 2014, the company expanded globally, announcing new operations in Dublin, Ireland.[12]
In February 2015, Coupa acquired the assets of ZenPurchase, an enterprise procurement software company,[13] as well as acquiring InvoiceSmash, an e-invoicing vendor,[14] and TripScanner,[15] an open booking vendor, in July.[16] 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.[10][11]
In January 2016, Coupa acquired Contractually, a cloud-based contract management solution.[17]
In 2020, Coupa acquired AI supply chain design company LLamasoft.[18]
In 2021, Coupa debuted its new venture capital fund, Coupa Ventures.[19]
In May 2022, 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.[20]
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.[21]
In May 2023, Rob Bernshteyn departed as CEO after 14 years as CEO and chairman;[22] Leagh Turner subsequently became CEO of Coupa in November 2023. Turner most recently served as co-CEO of Ceridian.[5][6]
In September 2024, Salvatore Lombardo joined the company as Chief Product and Technology Officer.[23][24]