Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), has acquired travel price optimization leader Yapta.
The acquisition enables Coupa to deliver more value across BSM by empowering companies to achieve greater savings in a significant spend category, Travel & Expense (T&E). Based in Seattle and led by travel industry veterans, Yapta monitors airfare and hotel prices in real time and sends instant savings alerts when prices drop.
Working with thousands of customers, including more than 100 of the Fortune 500, Yapta has helped companies save an average of 2-4% of their corporate travel budgets, resulting in more than $350 million of savings to date. As an integral part of the Travel and Expense offering within the Coupa BSM Platform, Yapta offers price assurance capabilities that dynamically track prices on airline and hotel reservations and instantly alerts for automated or manual rebooking at the lowest available price, without impacting the traveler experience.
“Business travel, which accounts for more than $1 trillion of spend per year, is often one of the spend areas within a business with the least visibility and control,” said Rob Bernshteyn, chairman and CEO of Coupa. “Yapta offers greater transparency into travel spend, helping businesses get the most value from their travel planning. I am excited to welcome the Yapta team to Coupa and look forward to furthering our joint mission of empowering businesses with the visibility and control they need to spend smarter.”
In 2019, Yapta was named for the third consecutive time to Deloitte's List of 500 Fastest Growing Technology Companies in North America, as well as Inc Magazine's List of Fastest Growing Private Companies in the U.S.
“Yapta was founded on the concept of enabling travelers to get the most value and savings out of their travel plans, and we’re proud to have saved our corporate customers across the globe hundreds of millions of dollars over 14 years later,” said James Filsinger, CEO of Yapta. “Joining the team at Coupa offered a logical next step for our company given Coupa’s strong focus on delivering value across business spend management. As an integral part of the Coupa BSM Platform, Yapta will have greater reach and scale across Coupa’s growing customer base to deliver even greater value to businesses.”
To learn more about the Coupa BSM Platform, which empowers the world’s most successful organizations with the visibility and control they need to manage all their spend in one place, visit https://www.coupa.com/.