SOURCE: Coupa

August 01, 2008 16:15 ET

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

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.