SAN MATEO, Calif.–(BUSINESS WIRE)–September 20, 2016–
Coupa Software, a leader in cloud-based spend management, today announced that it has achieved a global ranking of 17 on the inaugural list of Forbes 2016 Cloud 100, which lists the top 100 private, cloud companies in the world. The Forbes 2016 Cloud 100 list is developed in partnership with Bessemer Venture Partners and will appear in the October 4, 2016 issue of Forbes magazine.
“On behalf of my Coupa colleagues and me, I would like to thank Forbes for including our company on its inaugural list for the world’s best 100 cloud companies,” said Rob Bernshteyn, CEO of Coupa. “The magazine’s recognition of Coupa is an acknowledgment of our commitment to innovation and our focus on customer results.”
Coupa’s recognition on the Forbes 2016 Cloud 100 list adds to the list of industry distinctions the company has received this year regarding its out-of-the-box approach and strategy for the spend management industry:
- Forrester Research identified Coupa as one of six SaaS vendors with the potential to disrupt the status quo and become breakout leaders in their respective categories.
- Gartner Inc. positioned Coupa in the Leaders quadrant of the Gartner Magic Quadrant for Procure-to-Pay Suites. The company achieved the highest ‘ability to execute’ assessment this year and for two consecutive years has been named a Leader in the Gartner Magic Quadrant.
“Cloud companies are revolutionizing how businesses reach their customers today from digitizing painful old processes to allowing them more time to focus on what they really care about-what makes their products unique,” said Alex Konrad, Forbes editor of the Cloud 100 list. “Inclusion in the Forbes 2016 Cloud 100 list recognizes a company for its financial growth and excellence as recognized by customers and peers.”
Forbes received hundreds of submissions to identify the most promising private companies in cloud. The Forbes 2016 Cloud 100 was selected by a panel of judges representing leading public cloud companies, using qualitative and quantitative data submitted by nominees, along with publicly available third-party data sources.
About Coupa Software
Coupa Software, a leader in cloud-based spend management, enables businesses everywhere to recognize bottom-line financial success via Value as a Service. Customers – small, medium and large – representing the Americas, EMEA, and APAC rely on Coupa to support business agility and reduce costs. Only Coupa provides an organic suite of true cloud spend management applications, including invoicing, procurement, expense management, sourcing and inventory, allowing customers to realize a return on investment that can start within a few months and grow continually. Learn more at www.coupa.com.
Orlando De Bruce, 650-485-8629
Global Public Relations