SAN MATEO, Calif.--(BUSINESS WIRE)--Coupa Software, the world’s leading provider of cloud-based spend management solutions, announced today it has been selected a winner on the 2015 Red Herring Top 100 North America awards list, which recognizes the leading private companies from the region and celebrates these startups’ innovations and technologies across their respective industries.
Red Herring Top 100 America enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 1,200 privately financed companies each year in the U.S. and Canada. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Palo Alto Networks and eBay would change the way we live and work.
“At Coupa, we’re changing the way companies spend money and redefining the business value enterprise applications should deliver to customers. Very few companies today are driving as much savings and value from their corporate spend as they could be and we’re passionate about empowering them with software to change that,” said Rob Bernshteyn, CEO of Coupa. “We’re honored to receive this award from Red Herring, in recognition of our commitment to ensuring customer success through cloud spend management applications that deliver immediate savings-as-a-service.”
“In 2015, selecting the top achievers was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “In fact, we had the toughest time in years because so many entrepreneurs had crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the North America winners. We believe Coupa embodies the vision, drive and innovation that define a successful entrepreneurial venture. Coupa should be proud of its accomplishment, as the competition was very strong.”
Red Herring’s editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and addressable market. A review of the track record and standing of startups relative to their sector peers, allowed Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
About Coupa Software
Coupa Software is the leading provider of cloud-based financial applications. More than 500 customers in over 40 countries, including Sanofi, Salesforce.com, BNP Paribas North America, NEC, Royal Bank of Canada, Swiss Re, and Highmark Health use the Coupa suite of financial applications to support business agility and reduce costs. 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 www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.