|[November 14, 2012]
Coupa Software Recognized as a Fastest Growing Company on Deloitte's 2012 Technology Fast 500™
SAN MATEO, Calif. --(Business Wire)--
Software, the leader in cloud-based spend optimization software,
today announced it ranked No. 115 on Deloitte's
Technology Fast 500™, a ranking of the 500 fastest growing
technology, media, telecommunications, life sciences and clean
technology companies in North America. Coupa was recognized for its
phenomenal growth rate of 1,006 percent from 2007 to 2011.
Rob Bernshteyn, CEO of Coupa, credits its platform, people and
processes, along with the company's winning revenue growth as the
primary factors contributing to its ranking.
"Coupa's stellar performance and record growth is a testament to a
platform that is truly cloud-based and built on Ruby on Rails, which
allows for rapid innovation and accelerated time-to-value. Additionally,
the people at Coupa are passionate about spend optimization and are key
to our approach, which is myopically focused on customer success," said
Overall, 2012 Technology Fast 500™ companies achieved revenue growth
ranging from 128 percent to 279,684 percent from 207 to 2011, with an
average growth of 2,774 percent.
Coupa's inclusion on Deloitte's (News - Alert) Fast 500™ comes on the heels of several
other prestigious recognitions, including the 2012 TMC
Labs Innovation Awards in which Coupa was honored for transforming
the procurement industry, as well as its most recent recognition from
The Wall Street Journal as the "Next
Big Thing," recognizing Coupa as a top 50 start-up.
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a
ranking of the fastest growing technology, media, telecommunications,
life sciences and clean technology companies - both public and private -
in North America. Technology Fast 500 award winners are selected based
on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies
must own proprietary intellectual property or technology that is sold to
customers in products that contribute to a majority of the company's
operating revenues. Companies must have base-year operating revenues of
at least $50,000 USD or CD, and current-year operating revenues of at
least $5 million USD or CD. Additionally, companies must be in business
for a minimum of five years, and be headquartered within North America.
About Coupa Software (News - Alert)
Founded in 2006, Coupa Software is the fastest-growing provider of
cloud-based spend optimization software. More than 250 customers in 40
countries use Coupa purchasing
and procurement software to amplify their spend power and reduce
spending costs up to 11 percent. Only Coupa provides a true-cloud
procurement application that enables customers to launch the solution
rapidly and quickly realize significant savings. Learn more at: http://www.coupa.com
or call 650.931.3200. Read more at our company blog, Making
Cents, or follow @Coupa on Twitter (News - Alert).
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