Wednesday, April 10, 2013
Xpenser Acquired By Coupa Software
San Diego-based Xpenser, a startup developing a cloud-based service to help prepare and submit expense reports for its users, has been acquired. According to Coupa Software, it will use the buy to expand its domain expertise and leadership in the area of expense management. Xpenser was founded and was headed by Parand Tony Darugar, who has become General Manager, Expenses, at Coupa. The firm was founded in 2008. The firm was one of the companies which had been part of the EvoNexus incubator. Financial details of the buy were not disclosed. Coupa Software is a provider of cloud-based, spending optimization software headquartered in San Francisco.