Coupa Acquires LLamasoft, Leader in AI-powered Supply Chain Design and Planning

Coupa Software (NASDAQ: COUP), an innovator in Business Spend Management (BSM), reported today that it has obtained LLamasoft, a pioneer in AI-controlled gracefully chain plan and making arrangements for a price tag of around $1.5 billion. Situated in Ann Arbor, Mich., LLamasoft's innovation is utilized by many undertaking clients, including brands, for example, Boeing, Danone S.A., Home Depot, and Nestle. The obtaining will reinforce Coupa's gracefully chain abilities, empowering organizations to drive more prominent incentive through Business Spend Management.

The functions of this current year keep on exhibiting the significance of gracefully chain nimbleness, as organizations work to all the more quickly adjust to changing shopper inclinations, monetary conditions, and the political scene. With request vulnerability on one hand, and gracefully unpredictability on different, organizations are needing flexibly chain innovation that can assist them with evaluating choices and equilibrium compromises to accomplish wanted business results. LLamasoft furnishes these capacities with an AI-fueled cloud stage that engages organizations to settle on more astute gracefully chain choices, quicker.

"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 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 organizations everywhere maximize the value of every dollar they spend in a smarter, simpler, and safer way."

Dispatched in January 2020, LLamasoft's most up to date item llama.ai, conveys AI-fueled dynamic over the gracefully chain to help a practically boundless number of utilization cases. With llama.ai, associations can make reason assembled applications that influence a start to finish choice information model and utilize a library of demonstrated gracefully chain calculations. These applications can run consider the possibility that situations and surface important experiences before associations settle on key business choices.

"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. I am equally excited for employees of both organizations who share a culture that prioritizes delivering innovation and exceptional customer value."

Most recently, LLamasoft was named to Inc. 5000 List of Fastest Growing Private Companies for the fifth consecutive year, the 2020 Detroit Free Press Top Workplace, and Supply & Demand Chain Executive Green Supply Chain Award 2019.

"This very timely acquisition comes as supply chains are undergoing tremendous disruption that is best navigated using AI-enabled decision processes surrounding a digital twin of the end-to-end supply chain," said Mickey North Rizza, program vice president of enterprise applications and digital commerce at IDC. "Incorporating supply chain planning capabilities as part of a comprehensive BSM strategy will give companies more visibility and control across their direct and indirect spend."

About Coupa
Coupa empowers companies around the world with the visibility and control they need to make smarter spending decisions.