Coupa Software snags Llamasoft for $1.5B to bring together spending and supply chain data

, a that helps large corporations manage spending, announced that it was buying , an 18-year-old Michigan company that helps large companies manage their supply chain. The deal was pegged at $1.5 billion.


This year Llamasoft released its latest tool, for managing supply chains intelligently. This capability in particular seemed to attract Coupa’s attention, as it was looking for a supply chain application to complement its spend management capabilities.


Coupa CEO and chairman says when you combine that supply chain data with Coupa’s spending data, it can produce a powerful combination.


“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,” Bernshteyn said in a statement.







The purchase comes at a time when companies are focusing more and more on digitizing processes across enterprise, and when supply chains can be uncertain, depending on the location of COVID hotspots at any particular time.


“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. provides these capabilities with an AI-powered cloud platform that empowers companies to make smarter supply chain decisions, faster,” the company wrote in a statement.


Llamasoft was founded in 2002 in Ann Arbor, Michigan and has raised more than $56 million, according to Crunchbase data. Its largest raise was a $50 million Series B in 2015 led by .


The company generated more than $100 million in revenue and has 650 big customers, including Kimberly-Clark and GM, according .


Coupa has been extremely acquisitive over the years, buying 17 companies, according to Crunchbase . This deal represents the fourth acquisition this year for the company. So far the stock market is not enamored with the acquisition; the company’s stock price is down 5.20% at publication.