On September 24, 2015, Ariba and Coupa settled their lawsuit. Coupa was also positioned in the Leaders quadrant of the Gartner Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement. 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. Also in 2014, the company expanded globally, announcing new operations in Dublin, Ireland. In May, Ariba, a unit of SAP and a competitor of Coupa, filed a lawsuit alleging that Coupa misappropriated Ariba trade secrets. In 2014, The Forrester Wave named Coupa a market leader. In September 2009, Coupa secured a $7.5 million Series C funding round. Rob Bernshteyn took over as Coupa's CEO in February 2009. History ĭave Stephens and Noah Eisner founded Coupa in 2006. It was taken private by Thoma Bravo in February 2023. In 2016, Coupa Software went public on the Nasdaq, trading as COUP. Coupa helps companies gain visibility into and control over how they spend money, optimize supply chains, and manage liquidity. The company is headquartered in San Mateo, California with offices throughout Europe, Latin America, and Asia Pacific. Coupa Software is an American technology platform for Business Spend Management (BSM).
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