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Non-Public Companies : IT & Computers


Coupa Software Relocates Headquarters to Accommodate Rapid Growth

Aug 1, 2008 - 3:36:01 PM

News Source MARKET WIRE

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SAN MATEO, CA -- (MARKET WIRE) -- 08/01/08 -- Coupa Software, the leading on demand e-procurement vendor forcompanies of all sizes, today announced that the company has relocated itsheadquarters to accommodate its rapid growth. Effective immediately,Coupa's new corporate offices are located at Two West 5th Avenue, Suite300, in San Mateo, Calif.

With over 2,000 suppliers participating in the system and directconnections to more than 40 major online distributors, Coupa is rapidlybecoming the de facto standard for SMB procurement. This year alone, Coupahas experienced triple digit growth in its subscriber base, supplier base,and revenue as the sagging economy pushes more companies and governmentagencies across the US to explore sure-bet ways to reduce their ownoperational costs.

"Demand for an affordable on demand purchasingsystem is surging, particularly now in this flagging economy," saidDave Stephens, CEO and co-founder, Coupa Software. "We help our customerscontrol spending rapidly. If they have a web browser and the will to reignin costs and preserve profits, we can help."

Coupa e-Procurement automates the entire procure-to-pay process fromrequisitioning and purchase order creation to RFQ generation, receiving,inventory and invoicing. A one-stop shopping center where employees canconveniently find approved products, place orders and launch the approvalcycle, Coupa e-Procurement helps companies control spending while improvingprocurement efficiency. Coupa's Software as a Service (SaaS) model, builton top of Amazon Web Services, enables customers to quickly implement andinstall, easily scale to meet demand, and try before they buy.

About Coupa Software

Coupa is the leading on demand provider of solutions that automate and control purchasing fororganizations beyond the Fortune 500. Coupa e-Procurement On Demanddelivers a simple, quick and affordable solution for requisitioning,purchase orders, RFQs, inventory and invoicing, with no hardware to buy orsoftware to license. With best-in-class ease of use, Coupa's system enablescompanies to greatly increase efficiencies and save money quickly.

For more information please visit www.coupa.com or call 650.585.6306.



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