Coupa Software Acquires LLamasoft in US$1.5bn Deal
Coupa Software has acquired LLamasoft , a leader in AI-powered supply chain design and planning, in a deal worth around US$1.5 billion.
LLamasoft's technology is used by leading customers, such as Boeing, Danone S.A., Home Depot, and Nestle. Coupa says the acquisition will strengthen its supply chain capabilities, enabling businesses to drive greater value through Business Spend Management (BSM).
"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," said Rob Bernshteyn, chairman and CEO at Coupa .
"LLamasoft's deep supply chain expertise and sophisticated data science and modelling capabilities, combined with the roughly US$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 llama.ai delivers AI-powered decision making across the supply chain. This allows organisations to create purpose-built applications that leverage an end-to-end decision data model and employ a library of proven supply chain algorithms. These applications can run what-if scenarios and provide valuable insights before organisations make key business decisions.
"We are very excited about joining forces with Coupa," said Razat Gaurav, CEO at LLamasoft. "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."
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.