United States global technology platform for Business Spend Management, Coupa Software, said on Monday it has acquired another US software development company LLamasoft in a deal worth $1.5 billion.
Coupa CEO and chairman Rob Bernshteyn said: "LLamasoft’s deep supply chain expertise and sophisticated data science and modeling capabilities, combined with the roughly $2 trillion of cumulative transactional spend data we have in Coupa, will empower businesses with the intelligence needed to pivot on a dime."
Donna Wilczek, Coupa’s Senior Vice President of Product Strategy and Innovation stated that the company intends to "turn these decisions into spend transactions, bridging the gap between supply chain and procurement while creating more community intelligence and driving smarter decisions faster."
