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Global Brands Unlock $194 Billion in Bottom-Line Savings, Boosting Business Growth

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Growing Coupa community of 10 million suppliers and $6 trillion in economic spend informs its community-generated AI, helping make margins multiply

FOSTER CITY, Calif., June 25, 2024 /PRNewswire/ — Coupa, the margin multiplier company, today announced that it has helped over 3,000 global customers achieve more than $194 billion in savings that could be reinvested to fuel business growth; with over $12 billion in bottom-line savings in the last quarter alone.

“With Coupa, we’ve been able to digitize and standardize processes across finance and procurement teams. We have access to real-time data, giving us better control and visibility of which businesses we are transacting with, and we’re able to provide more strategic support to the business,” said Shaun Carroll, Group Director of MSS and Chief Procurement Officer, Mitie. “Coupa’s helped us realize £15M in savings and is being used to support Mitie’s target to reach operating profit margins of 4.5-5.5% in the near term.”

“In the past quarter, more than 1 billion actions were taken by customers using Coupa AI on our platform. Coupa’s evolution as the margin multiplier company is being fueled by the multiplier effect our AI drives for our global customer community every single day. Our customers have been leveraging Coupa’s community-generated AI for years to outperform and drive more growth, resiliency, sustainability, efficiency, and productivity,” said Leagh Turner, Coupa CEO.

“We had over 300 companies expand or initiate their relationship with Coupa in the last quarter. We’re honored and proud to be partnering with, and growing with, so many leading brands to help them transform their operations and truly thrive in this complex global economy. Today our dataset represents more than $6 trillion in global economic spend across a growing network of 10 million buyers and suppliers. As our community grows, our data grows and our AI gets smarter, with all of us becoming exponentially smarter together,” said Turner.

Coupa community highlights for the fiscal quarter include:

300+ global businesses initiated or expanded their partnership with Coupa including Abnormal Security, Sendas Distribuidora S/A, BayCare Clinic, Changan Ford, Grand America Resorts, Lexicon, Marshall Motor Group, Northern Illinois Food Bank, ORIC Pharmaceuticals, and Paragonix Technologies. 

Coupa proudly counts 20 customers among Gartner’s newly released Global Supply Chain Top 25

4,000+ attendees from more than 40 countries experienced Coupa’s flagship global community events, Inspire Americas and EMEA. Attendees heard stories from over 200+ customers – including leading brands such as Aldi, Barclays, Cisco, HSBC, Mitie, Microsoft, Mastercard, Schneider Electric, and Uber – who are leveraging Coupa for productivity, efficiency, sustainability, growth, and margin improvements across their businesses. 

Schneider Electric took home the title of Coupa’s Spendsetter of the Year during the annual Spendsetter Awards. Eight other companies were recognized as category winners for their innovation and excellence. 

10 Global Executive Summits kick off this summer. These one-day events take place in cities all over the world, connecting finance and procurement leaders to gain exclusive insights from Coupa experts and customers on everything from the value of a margin multiplier, a total spend management platform, community-generated AI, industry benchmarking, ESG, and more. 

Coupa released its latest 2024 Total Spend Management Benchmark Report, providing CFOs and their finance and procurement teams actionable insights and productivity benchmarks based on Coupa community performance. The report informs leaders on how they measure up versus their peers and provides guidance on how to optimize business processes. 

110+ new product capabilities and features were launched with a focus on AI and Gen AI, including Coupa Navi™, an AI agent that provides real-time support and guidance to help teams make smarter and more profitable business decisions. Additional new AI-driven product innovations included solutions for Contract Intelligence, Purchase Order (PO) Collaboration, and Forecast Collaboration.

Coupa was recently ranked #4 in Supply Chain Digital‘s top supply chain companies in Gen AI. 

About Coupa
Coupa makes margins multiply through its community-generated AI and industry leading total spend management platform for businesses large and small. Coupa AI is informed by trillions of dollars of direct and indirect spend data across a global network of 10M+ buyers and suppliers. We empower you with the ability to predict, prescribe, and automate smarter, more profitable business decisions to improve operating margins. Coupa is the margin multiplier company™. Learn more at coupa.com and follow us on LinkedIn and X (Twitter)

View original content to download multimedia:https://www.prnewswire.com/news-releases/global-brands-unlock-194-billion-in-bottom-line-savings-boosting-business-growth-302181877.html

SOURCE Coupa Software

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Kerun Launches Integrated Transformer and Substation Solutions for AI Data Centers in Hot-Climate Regions

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JIANGSHAN, China, June 16, 2026 /PRNewswire/ — Kerun Intelligent Control Co., LTD., a manufacturer specializing in power transmission and distribution equipment, announced the launch of its Integrated Transformer and Substation Solutions for AI data centers, cloud facilities and high-density computing infrastructure.

Designed for demanding environments such as the Middle East, the solution supports stable power distribution in regions where high temperatures, heavy electrical loads and continuous 24/7 operation place greater pressure on power infrastructure.

Combining transformers, prefabricated substations, switchgear and intelligent monitoring systems, Kerun’s integrated solution helps data center developers, EPC contractors and infrastructure operators build reliable and scalable power systems for mission-critical facilities.

Addressing Power Challenges in Hot-Climate Data Center Environments

AI data centers and high-density computing facilities face complex electrical challenges, including nonlinear loads, harmonic interference, continuous high-temperature operation and rising power density. In hot-climate regions, transformer thermal performance, fire safety and long-term reliability become even more important.

Key features include:

K-Factor harmonic-resistant transformer design: Optimized for server clusters and high-harmonic environments, helping reduce overheating risks and improve stable operation.FR3 vegetable oil-based insulating fluid option: Supports improved fire safety, thermal performance and overload tolerance, making it suitable for facilities requiring uninterrupted operation.High-efficiency power distribution: Helps reduce power losses, energy consumption and long-term operating costs.Intelligent monitoring and detection: Enables visualization of operating parameters and supports preventive maintenance in demanding environments.Reliable power architecture: Supports redundancy configurations for mission-critical loads.Flexible engineering customization: Allows adaptation based on voltage level, local climate conditions, installation environment and project specifications.

Designed for Reliability, Safety and Scalability

As AI, cloud services and digital infrastructure continue to expand across the Middle East, reliable power systems are becoming a key foundation for data center growth.

“Data centers in high-temperature environments require power systems that can deliver stability, safety and efficiency under continuous operating pressure,” said Mr. Wang, General Manager of Kerun. “Kerun remains committed to providing integrated transformer and substation solutions that support resilient digital infrastructure.”

Beyond data center applications, Kerun also serves utility, industrial, renewable energy and long-distance power transmission sectors.

About Kerun

Founded in 2004, Kerun Intelligent Control Co., LTD. provides power transmission and distribution solutions for utility, industrial and digital infrastructure projects worldwide. Its portfolio includes transformers, switchgear, prefabricated substations, energy storage containers and EV charging infrastructure.

For more information, visit: https://ar.kerunpower.com
Learn more about the solution: https://ar.kerunpower.com/solutions/transformers-solution-for-data-center/

 

View original content:https://www.prnewswire.co.uk/news-releases/kerun-launches-integrated-transformer-and-substation-solutions-for-ai-data-centers-in-hot-climate-regions-302801093.html

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Arcfra Releases AKE 1.6 to Enhance Production Kubernetes Operations and Network Management

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SINGAPORE, June 16, 2026 /PRNewswire/ — Today, Arcfra announces the release of Arcfra Kubernetes Engine (AKE) version 1.6, the latest version of its production-grade container management and service platform.

This release improves Kubernetes operational efficiency and strengthens production network management. AKE 1.6 introduces form-based visual management for Kubernetes resources, enabling users to deploy and manage applications without writing complex YAML files. It also supports separation of workload cluster management networks from service networks and multiple network interfaces for Pods, helping enterprises address security isolation, compliance, and high-performance networking requirements.

Form-Based Visual Management for Kubernetes Resources

AKE 1.6 introduces form-based deployment and management for Kubernetes resources, allowing users to complete common application operations through the UI instead of manually writing and maintaining YAML files.

This capability brings infrastructure, Kubernetes clusters, and business applications into a unified visual management experience. Users can view related resources in a single interface, access frequent operations more directly, and reduce the complexity of managing containerized applications.

Separated Management and Service Networks for Workload Clusters

To prevent management traffic and service traffic from affecting each other, AKE 1.6 supports separating the management network from the service network for workload clusters.

In this architecture, management traffic and business service traffic are isolated into separate network planes. The container service network cannot directly route to control plane components such as the Kubernetes apiserver. Even if a container is compromised, control plane operations remain isolated, improving platform security and helping enterprises meet network isolation and compliance requirements.

Multiple Pod NICs for High-Performance and Isolated Network Access

AKE 1.6 also introduces support for configuring multiple network interfaces for Pods. This capability supports scenarios where applications need access to multiple network planes for security isolation, direct connectivity, or higher network performance.

Compared with Overlay networking, direct flat network access can reduce network overhead and deliver higher throughput and lower latency, with an approximately 20% performance improvement in applicable scenarios.

AKE: Proven in Production

AKE powers mission-critical systems for enterprises in finance, healthcare, manufacturing, e-commerce, and other sectors, including ConnectWave and Foxconn.

View original content:https://www.prnewswire.com/apac/news-releases/arcfra-releases-ake-1-6-to-enhance-production-kubernetes-operations-and-network-management-302801094.html

SOURCE Arcfra

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Daymond John and the RedPocket Mobiles Drop “Color Rush” Jersey — and Two Fans Get to Pitch the People’s Shark

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Giveaway opens June 16 in Ogden; grand-prize winners receive a signed jersey, a free year of wireless, and a one-on-one pitch session with Daymond John

OGDEN, Utah, June 16, 2026 /PRNewswire/ — RedPocket Mobile today announced the release of the RedPocket Mobiles’ new “Color Rush” red jerseys, designed in collaboration with Shark Tank entrepreneur and spokesperson Daymond John, alongside a fan giveaway that puts two winners in the room with the People’s Shark.

RedPocket sponsors the RedPocket Mobiles, which are RedPocket Mobile’s barnstorming Pioneer Baseball League team, a club with no home stadium that plays its entire season on the road. The team is powered by RedPocket Mobile, the independently owned wireless company that lets customers choose coverage across all three major U.S. 5G networks, so the Mobiles stay connected no matter where their team bus takes them.

The giveaway, which opens June 16, awards two grand-prize winners each: a Mobiles Color Rush jersey signed by Daymond John, an official team hat, a full year of RedPocket Mobile service on the network of their choice, a team merch bundle, and a 30-minute pitch session with Daymond himself.  On the call, Daymond will hear their business idea, push on it, and coach them on how to make it better.

“Getting to have a hand in designing the RedPocket Mobiles’ jerseys was something I couldn’t pass up with RedPocket. Every business starts with someone willing to take a chance and that’s why I’m looking for the fans who have a real idea to pitch to a Shark. I can’t wait to hear what these entrepreneurs bring to the table,” said Daymond John.

The giveaway runs through late June. Full entry details are available on the RedPocket Mobiles, RedPocket Mobile, and Daymond John Instagram channels.

About RedPocket Mobile RedPocket Mobile is an independently owned wireless company founded in 2006. RedPocket gives customers the choice of coverage across all three major U.S. 5G networks, with locked-in rates and no price increases. [Confirm/trim boilerplate to current approved standard to your comfortability, alex.salas@redpocket.com.

Entry via Instagram post on @redpocketmobile, @redpocketmobiles  and @TheSharkDaymond

Media contact: [Alex Salas / Alex.salas@redpocket.com / 5626-644-3864]

View original content:https://www.prnewswire.com/news-releases/daymond-john-and-the-redpocket-mobiles-drop-color-rush-jersey–and-two-fans-get-to-pitch-the-peoples-shark-302801034.html

SOURCE RedPocket Mobile

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