Growth of More than 1000 Percent Secures Coupa’s Debut in Inc. Magazine’s Annual Ranking
SAN MATEO, Calif.–(BUSINESS WIRE)–August 20, 2014–
Coupa Software, the leading provider of cloud solutions for finance, today announced it has been named to the Inc. 500 list for 2014. It is Coupa’s debut in the annual list, highlighting revenue growth of 1,023 percent between 2010 and 2013.
The Inc. 500 is an annual list of the fastest growing private companies in America. The companies must be U.S.-based, privately held, for profit and independent – not subsidiaries or divisions of other companies – as of December 31, 2013. The companies of the Inc. 500 represent the top tier of the Inc. 5000, which can be found in its entirety on www.inc.com.
Coupa’s growth and momentum have continued in 2014:
- Revenue growth: On August 12, Coupa announced its Q2 2014 results, highlighted by a 100 percent increase in revenue over Q2 2013. Additionally, the company has now posted 22 quarters of sequential subscription revenue growth.
- Aggressive hiring: Coupa continues to hire aggressively to support its growth. Hiring in Q2 2014 represented a substantial increase to previous quarters. The company will continue to expand the global team throughout the year, with significant investments in overseas markets to meet growing demand.
- Industry recognition: Coupa was recognized as a leader in May 2014 in “The Forrester Wave™: eProcurement Q2 2014” report issued by Forrester Research Inc. The leading analyst firm gave Coupa the highest scores for both Current Offering and Strategy. Other industry accolades for Coupa in 2014 include AlwaysOn Global 250, AlwaysOn OnDemand Top 100, CFO Forum Best Suppliers of 2014, Best Places to Work in the Greater Bay Area by the San Francisco Business Times and Silicon Valley Business Journal.
Coupa will be recognized among other Inc. 500 companies at the 33rd Annual Inc. 5000 Conference and Awards Ceremony, taking place October 15-17, 2014 at the JW Marriott Desert Ridge Resort & Spa in Phoenix, AZ. For details, visit www.inc5000conference.com.
About Coupa Software
Coupa Software is the leading provider of cloud-based financial applications. More than 450 customers headquartered in over 40 countries use the Coupa suite of financial applications to support business agility and reduce costs. Only Coupa provides a suite of true cloud applications for finance, including accounts payable, sourcing, procurement and expense management that allows customers to realize a return on their investment within a few months and savings that continually impact the bottom line. Learn more at: coupa.com. Read more at our company blog, Making Cents or follow @Coupa on Twitter.
Grayling for Coupa Software
Trafton Kenney, +1 415-490-3583