Latest Simeno News
Jan 24, 2018
Coupa Software Inc., a California-based financial software firm announced that it has acquired all shares in Simeno Holding AG, a provider of cross-catalog search and advanced catalog management, based in Basel, Switzerland. Simeno creates localized content from third-party supplier sites to power cross-catalog searches, including content from many of the leading B2B marketplaces. Coupa plans to grow its Open Buy Program with the addition of the marketplaces to deliver a best-in-class cross-catalog search capability that is competitively distinguished. The acquisition also increases Coupa’s local presence in key German and Swiss markets. Based in Basel, Switzerland with offices in Germany and the United States, Simeno is used by some of the world’s largest organizations 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 catalog search and management. Lenz & Staehelin advised Coupa Software in this transaction with a team led by partner Beat Kühni (picture) and included associates Dominik Kaczmarczyk and Fabiano Menghini (both Corporate and M&A), Phelan Brüderlin (IP), Leo Rusterholz (TMT), Nicole Frey (Employment) and Lukas Held (Corporate and M&A).