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Coupa Wins 2012 Best in Biz Award

Coupa Software, the leading provider of cloud-based spend optimization solutions, today announced that it has been named a silver winner in the category of “Fastest-Growing Company of the Year” by the 2012 Best in Biz Awards, the only independent business awards program judged by industry analysts and members of the press.

Coupa’s rapid growth has been attributed to more than a 1,000 percent increase in revenue growth over the past four years, which was driven by its ever-expanding customer base. In 2012 alone, Coupa added top-tier names to its list of customers, which included AAA Insurance, Amerinet, Cadence Design Systems, Coca Cola Bottling Co. Consolidated, ITT Exelis, General Atlantic, Hanger, Inc. and Orbitz, among many others.

The company also grew internationally with a major expansion into the EMEA region. With more than a 50 percent increase in its employee base in the past year, Coupa also added new members to its executive team to be in the best possible position for continued growth.

More than 400 entries were received in this year’s awards program, from a wide array of public and private companies of all sizes and from a variety of industries and regions in the United States and Canada. The Best in Biz Awards 2012 honors were presented in more than 50 categories, including Company of the Year, Most Innovative Company of the Year, Executive of the Year and Best New Product of the Year.

“This award is an indication of our growing presence in the market, which can be attributed to our easy-to-use, pure cloud platform that helps our customers gain significant cost- savings,” said Tony Wessels, vice president, Marketing, for Coupa. “Employees and partners around the world work diligently to ensure that our customers are wildly successful with their implementations, and we are looking forward to continuing our momentum.”

Winners of Best in Biz Awards 2012 were determined by an independent panel of 32 judges from top-tier news, business and technology publications, as well as broadcast outlets and analyst firms, such as ABC, Bloomberg Businessweek, Computerworld, ECT News Network, Entrepreneur, eWEEK, Examiner, Financial Times, Forbes, FOX News, Hartford Business Journal, IDG Ventures, IEEE Institute, Inc., Insight Media, King Features Syndicate, Lab Reviews, Network World, The News and Observer, PC Magazine, ReadWriteWeb, South Florida Business Journal, Tech-Gaming, Techtalk, Upstart Business Journal, USA Today and ZDNet.

For a full list of gold, silver and bronze winners in Best in Biz Awards 2012, visit: http://www.bestinbizawards.com/2012-winners.

About Coupa Software

Founded in 2006, Coupa Software is the leading 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.

About Best in Biz Awards

Best in Biz Awards recognizes top companies, teams, executives and products for their business success as judged by independent panels of members of the press and industry analysts. Best in Biz Awards honors are conferred in three separate programs during the calendar year: U.S. and Canada, EMEA, and International. Any organization from any industry boasting demonstrated success in the awards program’s region can enter any of the more than 50 company, department or team, executive and product categories. Entries for Best in Biz Awards 2013 EMEA are being accepted from all companies based in or operating in Europe, Middle East and Africa until January 17, 2013. For more information about the entry process and categories in all three programs, please visit: http://www.bestinbizawards.com.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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