Press Release: Hiperos : Coupa Acquires Leading Third-Party Risk Management Provider Hiperos

Coupa Software (NASDAQ: COUP), a leader in business spend management (BSM), announced today that it acquired Hiperos, a leading third-party risk management provider and division of Opus. The acquisition 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. "Third-party risk and compliance is a growing threat as global supply chains expand, regulatory requirements grow, and cyber crimes increase, and until now, businesses have relied on point solutions to manage these risks," said Rob Bernshteyn, chief executive officer at Coupa. "As an integral part of the Coupa BSM Platform, Hiperos's advanced third-party risk management offering enables enterprises to extensively evaluate the risk of their supplier base and shift spend to optimal suppliers. I am excited to welcome the Hiperos team to Coupa and look forward to furthering our mission to empower businesses to spend smarter." Based in Branchburg, New Jersey, Hiperos's cloud application enables businesses to actively manage third-party risk and compliance, including advanced risks such as information security