Press Releases Acquisition will empower businesses to drive greater value across direct and indirect spend SAN MATEO, Calif., November 2, 2020 – Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), announced today that it 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. The events of this year continue to demonstrate the importance of supply chain agility, as companies work to more rapidly adapt to changing consumer preferences, economic conditions, and the political landscape. With demand uncertainty on one hand, and supply volatility on the other, companies are in need of supply chain technology that can help them assess alternatives and balance trade-offs to achieve desired business results. LLamasoft provides these capabilities with an AI-powered cloud platform that empowers companies to make smarter supply chain decisions, faster. “We are witnessing an unprecedented shift in what businesses are demanding to effectively manage their […]
Coupa Acquires AI-Powered Supply Chain Design and Planning Leader LLamasoft
