Tagged Content: Breaking News

InvoiceSmash Acquisition: Coupa Attempts to Smash Other E-Invoicing and Supplier Networks

- July 7, 2015 11:20 AM | Categories: Breaking News, M&A

Businessman hand touching M&A Coupa announced Monday it had acquired InvoiceSmash, an upstart vendor from Australia that looks somewhat similar, on the surface, to the type of PDF extraction e-invoicing services offered by providers like Transcepta and Tradeshift, among others, that extract data and metadata from documents and then present them in an easy to leverage format from an accounts payable automation.

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Oildex Acquires OpenInvoice from ADP: History, Facts and Initial Analysis

- June 30, 2015 6:01 AM | Categories: Accounts Payable, Analysis, Breaking News, M&A, Technology

Businessman hand touching M & A on virtual screen - merger & acquisition concept Oildex, a service of Transzap Inc., announced Monday it acquired procure-to-pay provider OpenInvoice from Automatic Data Processing Inc. Spend Matters was aware that ADP had entered into a formal process many months ago to sell the OpenInvoice business line, which it originally acquired in 2010 from Calgary-based DO2 Technologies, also known as Digital Oilfield. Oildex is well known in the oil and gas industry for its core invoicing and supplier on-boarding capabilities, which enable business-to-business and financial systems integration. With the addition of OpenInvoice products to its value proposition, Oildex will strengthen its position and services offering by delivering improved integrated capabilities.

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Perfect Commerce Offers to Acquire Hubwoo

- June 10, 2015 5:16 AM | Categories: Breaking News, Industry News, M&A

Pay-Off Hubwoo announced yesterday that Perfect Commerce has made a cash offer to buy all the shares in the Paris-based procure-to-pay software company for €26.6 million (about $30 million). This equates to a share price of €0.19 Euros – a near-36% premium over its last share price. This "bargain basement" purchase price (slightly less than 1 times of trailing revenues) could put the struggling Hubwoo under the control of a parent corporation registered in Luxembourg (even though Perfect is a decidedly US-centric firm). Spend Matters will follow up on this news with detailed analysis and implications of the deal, but our initial thoughts point to an opportunity for Perfect to expand its customer base, geographic presence and its supplier network capabilities – and also a way to defibrillate Hubwoo, which has been floundering since SAP acquired Hubwoo’s largest competitor Ariba. Members of the Spend Matters team react to the news, offering their initial analysis.

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IBM and Procurement Transformation: By the Numbers, Risk Management and More

FullSizeRender Earlier this morning, on the final main stage of Coupa Inspire, Michael O'Leary, director of procurement offerings and strategy at IBM Commerce, shared the IBM procurement transformation story. Michael has a background in procurement, playing a leading part with IBM’s internal transformation charge before shifting to the product/solution side of the business. And, at the start of his talk, Michael noted that IBM’s total procurement spend (including client spend) now stands at $52 billion annually. IBM counts 17,000 suppliers across 100 countries within its supply base (after significant supplier rationalization efforts). From a numbers perspective, IBM’s procurement performance KPIs and performance improvement metrics are more than impressive.

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Coupa Introduces Supplier Information Management

89AZTB8E5H Earlier today, Coupa announced its latest module: Coupa Supplier Information Management (SIM). While I will leave it to the supplier management professionals at Spend Matters to cover Coupa SIM in more detail after they’ve seen the product, it’s worth sharing some of the highlights of the announcement before we’ve had a chance to look at the tool given the critical nature of such a module to an integrated procurement suite.

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Coupa Inspire: Suite Synergy, Wearables, T&E and More

- June 4, 2015 12:01 PM | Categories: Conferences, Innovation, Technology

unnamed On the second day of Coupa Inspire, Raja Hammoud, vice president of product management, kicked off the festivities by framing the context of how consumer and business technology have started down a merger path that will make them inseparable. She also introduced the concept of “Suite Synergy” – a clever marketing tagline – to describe how modules interoperate both from a functional and user experience perspective. It’s nothing unique for providers offering a single suite such as Coupa, but the way Raja explained it was simple and effective. Read on to see what Raja had to say, and stay tuned for additional coverage from the conference throughout the day.

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Wrapping Up Coupa Inspire Day 1: 5 Observations From Larger Customer and Prospect Discussions

- June 3, 2015 4:43 PM | Categories: Conferences, ERP, Industry News, P2P

2H0QPGDVGZ The afternoon sessions are winding down here at Coupa Inspire. It’s been a whirlwind day by just about any account. I particularly enjoyed the panel discussion this morning that I participated in with Bob Solomon, principal at Software Platform Consulting, Inc., Dawn Tiura Evans, president and CEO of SIG, and Chris Sawchuk, principal, global procurement advisory practice leader at The Hackett Group – there was really good energy between the 4 of us. Chris anchored it, Bob shared some extremely insightful thoughts and context around networks and suppliers (among other areas) and Dawn was straight to the point, representing both procurement and finance views into spending. Read on for more insights on the first day of the Coupa Inspire event!

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Coupa Inspire Dispatch: Musing on Partnerships, Accenture and More

- June 3, 2015 12:42 PM | Categories: Conferences, Industry News, P2P

SRDGZR30JA Spend Matters continues to provide updates from the Coupa Inspire 2015 Conference in San Francisco. On stage this morning at Coupa Inspire, Rob Bernshteyn spent less than a minute thanking the partners who sponsored the event as he sped through a ton of material spanning the history of Coupa to its philosophy to recent investment areas. Nonetheless, it was 30-40 critical seconds of his talk. The partner slide he referenced was impressive – in more ways than one. As a start, Accenture was listed as an event sponsor (for the first time), and we suspect it is doing more with Coupa than most are aware. No doubt, whether official or not, this is a critical partner “win” given Accenture’s legacy in working with Ariba/SAP to the exception of other P2P providers.

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Coupa Inspire Dispatch: The First Procurement Unicorn

- June 3, 2015 11:42 AM | Categories: Cloud, Conferences, Industry News, Solution Providers

9936F43181 This morning Rob Bernshteyn, Coupa’s CEO, took center stage to kick off Inspire 2015. Earlier in the week, Coupa announced a recent funding round, valuing the procurement suite provider at over $1 billion, making it the latest “unicorn” in venture-speak (unicorns are tech companies valued in excess of $1B prior to an IPO). Coupa also passed the milestone of hiring its 400th employee, Rob said at the start of his talk. Check out the Spend Matters team conference coverage as it continues throughout the day and tomorrow!

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Coupa Valued at Over $1B in Latest Funding Round

- June 1, 2015 12:02 PM | Categories: Analysis, Finance, Solution Providers, Technology

S3JE5YAMND Coupa Software, one of the leading and highest growth procurement technology suite providers, announced it raised $80 million in it latest funding round, bringing the total capital raised to over $165 million. The latest funding round was made at a post-money valuation of over $1 billion, according to the company. The round was led by “funds and accounts” and advised by T. Rowe Price and Iconiq Capital. PremjiInvest also participated. Read on to find out what our initial thoughts are on this news. Spend Matters will also be speaking with Coupa's CEO later today and will provide more in-depth analysis on the company.

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Field Nation Acquires Field Solutions: Background, Analysis and Commentary

- May 18, 2015 9:46 AM | Categories: Analysis, Breaking News, Industry News, M&A

Businessman hand touching M & A on virtual screen - merger & acquisition concept Field Nation, which describes itself as a “leading work platform connecting organizations with independent contractors to get work done,” today announced its acquisition of another platform provider Field Solutions. In the broader procurement solution provider marketplace, Spend Matters research suggests that M&A in 2015 is set for a record number of transactions. According to the press release announcing the transaction, the combined company will have over 100 full-time employees and more than $60 million in revenue. Check out our initial thoughts on the news, and stay tuned later today for more in-depth analysis on Spend Matters PRO.

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IBM/Emptoris Divests Rivermine, Tangoe Picks Up $10M TEM Business: Vendor and Market Analysis

- May 8, 2015 10:40 AM | Categories: Analysis, Industry News, M&A

Businessman hand touching M & A on virtual screen - merger & acquisition concept Yesterday, Tangoe announced it was purchasing the Rivermine business from IBM. Rivermine, a telecom expense management (TEM) provider, was part of the Emptoris product line. It was acquired by the sourcing suite vendor the same year that IBM announced it was acquiring the overall business in 2011. In the press release announcing the acquisition, Tangoe said, “IBM’s Rivermine TEM business includes comprehensive fixed and mobile telecom expense management software and related services, as well as a global blue chip customer base. The business fits particularly well within the core of Tangoe’s broader Matrix solution suite, which helps clients turn on, track, manage, secure and support its IT assets, expense and usage including mobile, fixed, machine-to-machine, cloud software and services, enterprise social and IT.” Read the full story to get our take beyond the numbers...

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