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."