Coupa names former MobileIron exec Todd Ford its new CFO

Ford led MobileIron through its IPO last year - something Coupa has been marching toward with all the essential hallmarks.

Cloud-based spend optimization software maker Coupa has named Todd Ford its new chief financial officer.

Ford most recently served as CFO for enterprise mobility services provider MobileIron, where he led the company through its $100 million IPO around this time last year. He resigned from MobileIron this past April.

Ford's financial chops extend beyond MobileIron. Prior to his stint there, Ford was a founding partner at the investment firm Broken Arrow Venture Capital. He was also at one time the CFO of Rackable Systems, now known as Silicon Graphics International Corp.

It was likely Ford's experience with investors and board members that made him an attractive candidate for Coupa, which has been marching toward an IPO with all the essential hallmarks.

Earlier this week Coupa announced the close of $80 million investment round, the company's seventh round to date, which bumped its valuation over the $1 billion mark.

The company bills itself as a savings-as-a-service provider, which basically means it helps customers spend less money over the long tail, on everything from IT to travel. Its customers include Salesforce, the Container Store, Pandora, and pharmaceutical firm Sanofi.

"Todd's background and wealth of experience makes him the ideal executive to help drive Coupa's financial performance forward," Coupa CEO Rob Bernshteyn said in a statement.