After over a decade at the helm of one of the world’s most successful enterprise software companies, Rob Bernshteyn has stepped down as CEO of Coupa. The company, which provides a vendor management system, has welcomed Charles Goodman to the position of interim CEO. Mr. Goodman, who recently assumed the role of Chairman, brings more than 30 years of software experience to the company.
In February, Coupa was acquired in an all-cash transaction by Thoma Bravo, a well-renowned investment firm, in a deal estimated to be worth approximately $8.0 billion. As part of the agreement, a wholly owned subsidiary of the Abu Dhabi Investment Authority became a minority investor.
In a statement from the Coupa Community, Charles Goodman said: “Rob’s strategic thinking coupled with his focus on operational excellence helped Coupa catapult from a small start-up to a leading enterprise software franchise. The entire Coupa community is grateful for his service and leadership. Rob steps away with Coupa well positioned to capitalize on this large and expanding global market.”