Coupa scoops up Simeno to bolster online catalogue capabilities
Spend management firm Coupa Software has acquired Simeno Holding AG, a leader in cross-catalogue search and advanced catalogue management.
Simeno creates localised content from third-party supplier sites to power cross-catalogue searches, including content from many of the leading B2B marketplaces.
Coupa plans to grow its Open Buy Programme with the addition of the marketplaces to deliver a best-in-class cross-catalogue search capability that is competitively distinguished. The acquisition also increases Coupa’s local presence in key German and Swiss markets.
“One of the emerging trends within procurement technology is the ability to bring more spend under management by integrating ‘out-of-catalogue’ purchases, while maintaining control of an organization’s approval workflows and business rules,” said Xavier Olivera, lead procure-to-pay analyst at Spend Matters.
“Coupa is leading the charge in this area, first integrating Amazon Business in a unique way compared to competitors, and now integrating Simeno's cross-marketplace search capabilities into its platform.
“Customers will benefit through improved search experiences and a marketplace-driven approach to shopping that maintains procurement controls.”
Based in Basel, Switzerland with offices in Germany and the United States, Simeno is used by some of the world’s largest organisations running SAP SRM, SAP PM, SAP MM, Oracle iProcure, and more.
The solution provides a powerful shopping “front-end” capability for these systems to augment catalogue search and management.
“Our cloud platform has transformed how organisations spend money, as evidenced by the significant and measurable results achieved by our customers,” said Rob Bernshteyn, CEO of Coupa.
"With our acquisition of Simeno, we continue to execute on our vision of delivering the most Open and User-Centric cloud platform for business spending in the market”
Simeno’s streamlined search experience enables employees to simultaneously search company managed catalogues and supplier managed catalogues.