Afternoon Coffee: Coupa Files for its IPO, TalentWave Names New COO

Hoda-Bogdan/Adobe Stock

In case you missed it, Coupa filed its S-1 with the Securities and Exchange Commission on Thursday, ending months of speculation about whether the P2P provider would go public this year. The San Mateo, California-based company plans to raise up to $75 million with its initial public offering and would be the second unicorn to be newly listed this year.

We wrote in July about why a Coupa IPO would be good for procurement. Now that the hypothetical has become a reality, it’s time to get get up to speed on what the provider has been up to and what its prospects look like as a public company.   

TalentWave, a company created in March from combined independent workforce solution firms ICon Professional Services and Synergy, announced Monday it appointed Kieran Brady as chief operating officer. Brady will be responsible for expanding the company’s infrastructure and managing the customer success teams. Prior roles include principal sales consultant for Oracle and senior practice manager for Capgemini America, as well as one of the founders of IQNavigator.

The European E-Invoicing Services Providers Association (EESPA) reported significant growth in 2015, with 252 million electronic invoices processed and delivered by members of the association. This represented a significant growth of 27% over 2014 volumes of 985 million. More data on the past year in e-invoicing can be found in the association’s press release.

And finally, Wal-Mart said it would stop selling Egyptian cotton sheets made by Welspun India after its investigation found the Indian textile giant couldn’t guarantee the products were legitimate, the Wall Street Journal reported. Welspun said it has hired an accounting firm to investigate the cause of the materials issue and is installing technology to better monitor its supply chain.

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