Coupa Software Relocates Headquarters to Accommodate Rapid Growth
Coupa Emerges as De Facto Standard for SMB e-Procurement With Triple Digit Growth in Revenue, Subscriber Base and Supplier Base
| Source: Coupa
SAN MATEO, CA--(Marketwire - August 1, 2008) - Coupa Software, the leading on demand e-procurement vendor for
companies of all sizes, today announced that the company has relocated its
headquarters to accommodate its rapid growth. Effective immediately,
Coupa's new corporate offices are located at Two West 5th Avenue, Suite
300, in San Mateo, Calif.
With over 2,000 suppliers participating in the system and direct
connections to more than 40 major online distributors, Coupa is rapidly
becoming the de facto standard for SMB procurement. This year alone, Coupa
has experienced triple digit growth in its subscriber base, supplier base,
and revenue as the sagging economy pushes more companies and government
agencies across the US to explore sure-bet ways to reduce their own
operational costs.
"Demand for an affordable on demand purchasing
system is surging, particularly now in this flagging economy," said
Dave Stephens, CEO and co-founder, Coupa Software. "We help our customers
control spending rapidly. If they have a web browser and the will to reign
in costs and preserve profits, we can help."
Coupa e-Procurement automates the entire procure-to-pay process from
requisitioning and purchase order creation to RFQ generation, receiving,
inventory and invoicing. A one-stop shopping center where employees can
conveniently find approved products, place orders and launch the approval
cycle, Coupa e-Procurement helps companies control spending while improving
procurement efficiency. Coupa's Software as a Service (SaaS) model, built
on top of Amazon Web Services, enables customers to quickly implement and
install, 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 for
organizations beyond the Fortune 500. Coupa e-Procurement On Demand
delivers a simple, quick and affordable solution for requisitioning,
purchase orders, RFQs, inventory and invoicing, with no hardware to buy or
software to license. With best-in-class ease of use, Coupa's system enables
companies to greatly increase efficiencies and save money quickly.
For more information please visit www.coupa.com or call 650.585.6306.