Q: What did Coupa announce today?

A: Coupa announced that it acquired Hiperos, the leading third-party risk management provider.

Q: What is Hiperos?

A: Hiperos is a leading third-party risk management provider and division of Opus, a global risk and compliance SaaS and data solution based in Branchburg, New Jersey. Hiperos received the highest analyst scores of all the “Turn-Key” vendors in the Spend Matters Q2 2018 Supplier Management SolutionMap.

Q: Why did Coupa acquire Hiperos?

A: With this acquisition, Coupa enables businesses with the advanced technology they need to extensively evaluate the risk of their full supplier base to further protect their brand and bottom line.

Q: What is the new offering be called?

A: Hiperos will be marketed as Coupa Risk Assess. 

Q: How does Coupa Risk Assess fit within Coupa’s other supplier and risk management offerings?

A: The Coupa BSM Platform offers a comprehensive solution for supplier risk management:
  1. Supplier Information Management - Offering for all companies to collect and manage everyday supplier information to run their business.
  2. Risk Aware - Offering for all companies to get real-time visibility into supplier risk using a myriad of external data sources and community intelligence.
  3. NEW: Coupa Risk Assess - Advanced third-party risk management (TPM) offering, purpose-built for large enterprises to extensively evaluate their supplier base on critical risk domains, including InfoSec, Anti-Bribery and Anti-Corruption, GDPR Compliance, etc.

Q: How can I learn more?

A: Contact your customer value manager or click here to learn more.

About Coupa Software

Coupa Software (NASDAQ:COUP) is the cloud platform for business spend. We deliver “Value as a Service” by helping our customers maximize their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. Customers – small, medium and large – have used the Coupa platform to bring billions of dollars in cumulative spend under management. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.