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Coupa

Coupa

Coupa is a California-based business service management technology company and platform, offering supply chain insight and procurement services.

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Edits on 29 Jan, 2022
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coolgrek
edited on 29 Jan, 2022
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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.

On June 15th, 2021, Coupa launched its Sustainable Business Spend Management (BSM) platform, to help business owners with their sustainability initiatives

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