Coupa Software, a leader in Business Spend Management (BSM), has acquired LLamasoft, a leader in AI-powered supply chain design and planning for a purchase price of approximately $1.5 billion.
Based in Ann Arbor, Mich., LLamasoft’s technology is used by hundreds of enterprise customers, including brands such as Boeing, Danone S.A., Home Depot, and Nestle.
The acquisition will strengthen Coupa’s supply chain capabilities, enabling businesses to drive greater value through Business Spend Management.
Rob Bernshteyn, chairman and CEO at Coupa, comments: “We are witnessing an unprecedented shift in what businesses are demanding to effectively manage their supply chains. They need instant visibility, agile planning capabilities, and timely risk mitigation support.
“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. Together, we will deliver a more powerful Business Spend Management platform to help organisations everywhere maximise the value of every dollar they spend in a smarter, simpler, and safer way.”
Launched in January 2020, LLamasoft’s newest product llama.ai, delivers AI-powered decision making across the supply chain to support an almost unlimited number of use cases.
Razat Gaurav, CEO at LLamasoft, commments: “We are very excited about joining forces with Coupa. Combining Coupa’s market leading spend management execution core and broad market reach with LLamasoft’s AI-powered supply chain analytics provides a unique opportunity to bring together digital transformation solutions that drive decision making and operational efficiency across the enterprise.
“I am equally excited for employees of both organizations who share a culture that prioritizes delivering innovation and exceptional customer value.”