PRESS RELEASE:
The Savings-as-a-Service Company Attributes the Recognition to its Customer Success and Year-Over-Year Growth
SAN MATEO, Calif.–(BUSINESS WIRE)–November 13, 2015–
Coupa today announced it ranked 110th on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
Coupa’s chief executive officer, Rob Bernshteyn, credits Coupa’s continued focus on creating consumer-like, cloud-based spend management and expense management software that employees want to use as the fuel for the company’s revenue growth and concrete customer success.
“We are proud of the measurable results our customers are realizing using Coupa, and are thrilled with our company’s ranking on the Technology Fast 500 list,” said Bernshteyn. “Our customers have processed more than $130 billion through the Coupa solution, which has resulted in a calculated savings of more than $6 billion. Our unrelenting focus on providing value to our customers, and our business partnerships with exceptional organizations such as Deloitte Consulting play a major role in our overall success.”
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
“Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries,” added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. “We look forward to the opportunity to serve these companies as they strive to grow to the next level – be it towards introducing new solutions or entering new markets – and with it make important and long lasting impressions on the technology market as a whole.”
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.
About Deloitte’s 2015 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
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 four years and be headquartered within North America.
About Coupa Software
Coupa Software enables businesses everywhere to recognize bottom-line financial success via Savings-as-a-Service. More than 500 customers doing business in over 100 countries use Coupa to support business agility and reduce costs. Only Coupa provides an organic suite of true cloud applications including accounts payable, procurement, expense management, sourcing and inventory, allowing customers to realize a return on investment that starts within a few months and grows continually. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151113005551/en/
Media inquiries:
Coupa Software
Orlando De Bruce, 650-485-8629
Global Public Relations
orlando.debruce@coupa.com